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Client is in the acquisition phase of building a property portfolio

First Investment property purchase to start a Portfolio

Client Brief: To source a house on land that was existing and preferably with existing tenants. The client was a conservative investor and had finance pre approved for $440k. The importance of buying this first property well meant that she could go on to purchase 2 more investment properties in the next 16 months.

The positive cash flow position and capital growth of this property in the first 6 months of ownership was critical for her to service the loan and launch her into properties 2 and 3.

Property Details:

  • 4 bedrooms
  • 2 bathrooms
  • 2 garages

Built 2012

Purchase price: $385k
Rent: $440 per week
Yield: 5.9%

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