First Property Purchase
Client Brief: To source a property for a first home buyer who wanted to get into the property market. This property was purchased in 2010 just 6 km from Sydney CBD and has been an investment for the past 5 years. It is now yielding high positive cash flow and offsets the cost of 2 other investment properties.
Property Details:
- 2 bedrooms
- 1 bathrooms
- 1 garages
- 1 storage room
Built 1960s
Purchase price: $320k
Rent: $480 per week
Yield: 7.6%