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BUYERS AGENCY INVESTOR PURCHASE OF THE MONTH

Bought off market and under market value. Purchased with instant equity which is rare in this market.

Highlights

  • Leveraged our relationship with the sales agent in a hot market to favour our buyer over other buyers and won the deal for our client.
  • This property ticks all the boxes for our client and will provide very robust long term capital growth.

 

How the deal happened:

  • We bought this gem premarket/offmarket and  under market value.
  • The deal happened through an agent we’ve purchased through a number of times before where have great, working relationship.
  • The agent called us directly.
  • He knows we have buyers for this type of property.
  • We bought this within 2 weeks of our client engagement.
  • This adds a lot of value in a hot market.
  • When prices are going up every week, TIME REALLY IS MONEY for buyers.
  • We negotiated this to $950k.
  • If it went to market it would have been sold in the high 900s.
  • We negotiated a further $3,000 off as there were a few minor repairs that came back in the building inspection.
  • We fight hard for every dollar for our clients.
  • They paid $947k.
  • There were no other offers to compete with because it was off market.

 

Why did the client engage us?

  • Our investor client was referred through previous clients.
  • They’re Sydney based and have chosen a “rentvesting” strategy.
  • They wanted to buy in one of the other major capital city markets apart from Sydney.
  • They were looking for a property in a city with stronger yields and cashflow than Sydney that’s positioned well in the property cycle for good growth.

 

Property highlights:

  • 5 bedroom, 2 bathroom double lock up garage
  • Brick and tile home
  • 610m2 with large usable yard
  • Only 9km from Brisbane CBD
  • Quiet Street in one of the most well regarded locations in the suburb, with large brick homes and no townhouses or units
  • Includes self contained lower level unit with bedroom, bathroom and kitchenette for second dwelling /granny/live-in-student/nanny’s quarters
  • North facing backyard, ideal for year-round sunlight in your entertaining and recreation area
  • Elevated above road level on the high side of the street
  • Low vacancy suburb with good rental yields
  • Short walking distance to local village with modern, popular restaurants and cafes
  • Close to Westfield shopping centre
  • Close to large local reserves, bike paths, walking paths, reserve trails and bushland right in the heart of the city
  • Very popular family suburb
  • Solar power installed
  • Pool
  • Ready to rent
  • In good condition

Do you or someone you know want an off-market and below-market purchase like this? We can get you one in Sydney, Melbourne, Brisbane, Perth, Canberra, Adelaide.

CLICK HERE NOW TO FIND OUT MORE …

If you want to beat the market, you need the right professional team and that starts here ...

Lynton Stevenson
Director of Client Services

0401 252 550
lynton@providenceproperty.com.au

Jay Pace
Director of Corporate Network Development

0432 298 329
jay@providenceproperty.com.au

Wishing you happy and prosperous buying
The Providence Property Team