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.
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