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Brief - The client, a busy professional in Sydney wanted to start his investment journey by looking into interstate markets. Client was unfamiliar with interstate markets and was looking for the best opportunity outside of Sydney. His requirement was to purchase a property with good growth and healthy cashflow. Goal was to hit a particular passive income target over a period of 25 years.
How did I help?
✔Formulated a plan for him to reach the passive income target over the specified period of time.
✔Purchased property in a market that has strong growth potential. 📈📈
✔Extremely competitive market with low stock levels.
✔Purchase price : 415K (3bed, 1bath, 717m2, house)
✔Rental income : 450/week (potential up to 470/week)
✔Development potential : Yes
✔Rental Yield : 5.6%
✔Suburb vacancy rate: 0.3%
✔Suburb in close proximity to major employment nodes. Area marked for future infrastructure development.
✔All due diligence done on property.
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