Western Australia (Perth) - Sep 2023

📢📢 Investor Purchase : Western Australia (Perth)

Brief : The Clients, a busy couple from Melbourne, were looking to invest in Perth because of the strong growth potential in this market over the next 3-5 years.

Being unfamiliar with the Perth market and worried that they may overpay for the property clients approached me with the below requirements:

📌 Purchase in the right suburb at the right price without overpaying

📌 To ensure that all necessary due diligence was done on the property so that they could have the peace of mind that they purchased the correct investment.

📌A good deal from a numbers perspective

How did I help them?

Within a week of them signing up, I was able to secure something off-market through an existing relationship with an agent in the area. Performed all due diligence on time and acted quickly to secure the deal.

Here are the numbers:

✔Purchase price : 400K (3bed,1bath, 751m2 block of land)

✔Rental income : At least 450/week in the current market

✔Development potential: Yes (R25 zone)

✔Vacancy rate : 0.3%

✔Property condition : Property is in a good condition and is currrently tenanted.

✔More capital growth expected in this suburb over the next 2-3 years

At the rate at which this suburb is moving it is becoming more and more difficult to find a property with the above specs at this price point (400K).