| Client Success Stories Every property is different and so is every investor and home buyer. We're sharing the stories of our experiences buying for different clients so that you can see what's possible. We've divided the content into 2 categories for you: personal stories and property stories.
Versatility & Opportunity  This property was purchased for $440,000 in the bayside suburb of Carrum where the average
price of a 3 bedroom home is $550,000.Technically, the property is a 3 bedroom house so it's already a great buy at $440,000, but it offers so much flexibility that it's even better than it looks at first glance. One of our industry contacts alerted us to the property a week before it went on the market. This allowed time for us to complete the necessary due diligence to investigate creating a higher rental yield by converting the property into 2 separate units. Once listed, the property
received 4 offers within just 1 day! Our experience in
negotiation helped our client become the successful purchaser over the other 3 who submitted offers. Situated just 150m from Patterson River, 350m from the beach and 450m from the train and shops, the location is perfect for capital growth and creates a very appealing rental option. It's a unique property because it has 2 street frontages and 2 entrances. This feature allows our client to turn the property into 2 separate units:
The floor plan in the second apartment also allows for a 3rd bedroom
conversion to make the property even more valuable to both rent or sell. After minor renovations costing approximately $12,000, the property will net around $540 per week (combined rent for both units). The renovation will also increase the property's resale value to $500 - 520,000 based on the current market. Adding a 3rd bedroom to the 2 bedroom unit would further raise this value to around $550,000. As you can see, this kind of versatility is extremely valuable and often comes in the form of unusual properties that others might overlook, meaning that you can pick up a great, versatile investment for less than its true value. Fast Profit  It's always exciting to buy a property like this where our clients can make amazing profits very quickly. This particular property can net our client more than $120,000 profit with nothing more than a subdivision. The secret to this property is that it consists of 2 houses on one title: a 3 bedroom house at the front and a large 3 bedroom villa at the rear. The total negotiated price for the property (including 2 houses) was just $577,500. Take into account the individual value of both houses ($350,000) and our client is the proud owner of $700,000 worth of property. The only investment to unlock this profit is some patience for council approval (about 4 months) and the fees to have an expert manage the subdivision. All up, our client will make over $120,000 which can pay off his mortgage. Our client makes lot's of profit without sacrificing his own time and that's exactly what we like! Self-Funding Property with Income & Equity  It's not every day you come across an investment like this Port Melbourne beauty. This is the second investment in our client's 5-property plan. Like some of our other clients, this couple's goal is retirement through property investment. In their case, the strategy is a portfolio of "keepers" rather than renovating or developing for profit. The listing price for the apartment was $450,000, but our negotiations brought it down to $409, 000, saving our client $41,000 and netting a rental yield of 5.5%.This apartment is just 500m from the water and just 3km from the CBD. It will attract stable, high-income professionals and net at least $430 per week for our clients. We're excited to know that this investment has already grown by $80,000 in just over a year. That's $80,000 of equity ready to use whenever our clients need it. Using Development Potential to Retire at 40  This is the first property in a 3 property strategy for a client. The goal of his investment plan is to retire in 10 years at age 40 so we're excited to help! This property was bought with one goal in mind: development. The 637 square metre block is perfect for subdivision and will allow the construction of 2 units. Because the development might not start for a few years we found a property for our client that is also valuable without development. Our client will earn at least $350 per week right up until he starts development. The property was listed at $410,000 to $450,000 and the vendor was expecting offers around $440,000. The listing value was accurate, but we advised our client to spend no more than $430,000. We knew we could get an equivalent property at the lower end of the scale. We negotiated for our client and reached a great purchase price of just $423,500. Investing in a New Home  This amazing 3 bedroom townhouse on the Nepean Highway has 180 degree views over the bay and offers three levels of large living and entertaining spaces. Stone bench tops, separate laundry and large main bathroom mean that this is not just a room with a view - it's a great home in its own right. A recent sale of an equivalent, neighbouring property showed a market value of approximately $580,000 so we were thrilled to secure this for just $555,000 - a saving of $25,000. It took some solid negotiation, but our client was wonderfully patient and held out with us for the right price. Initially, we inspected this property as an investment, but our client loved it so much he decided to move in! We've restructured his investment plan to make his existing home a rental property so he can move into this dream townhouse. Instant Action (for less than $300,000)  This was a case where our continuous contact with the property market paid off for our client. The client was working with a limited budget, but wanted something magical for their money. We were able to snap up this little gem before it was ever opened for inspection. It's a good-sized 2 bedroom apartment opposite one of Melbourne's premiere beaches. Less than 1km from the train and major grocery outlet, all the pieces are there for a very valuable investment. The apartment will receive a quick cosmetic makeover with some fresh paint, some new door handles and blinds and possibly fresh carpet. The result will be an excellent, high-yield investment property in an outstanding location and all for the lowest possible price because we weren't bidding against any other buyers! A Hot New Home  Our client hadn't bought property before and lacked the time to learn the ropes, so we searched for him and found this amazing pad near the city. After realising that the listings on the internet rarely matched what he was looking for, our client discovered how many months it was going to take to search internet listings and visit multiple properties each weekend to find just 2-3 suitable properties. Although he had a clear picture of what his new home would offer, matching that picture to the realities on the market was proving difficult. Luckily, we do this for a living. Our client explained his need for easy transport and access to social settings like cafes and night spots; of course he also wanted something fitting for a young single man. With our criteria in mind and experience with property we found the perfect place within just 3 weeks of signing up. We presented a few key options for inspection and purchased this gem in no time. Being close to the CBD and Albert Park Lake, that gorgeous swimming pool and easy car-free access to all of Melbourne's lifestyle spots make this an amazing new home! Secure Rental  Our client was looking for their first investment property and a good solid property that's easy to rent is always a safe start to a portfolio. This outstanding property near the CBD was listed for $440,000, but we negotiated strongly for our client and bought it for just $371,000 saving our client $69,000! 2 bedrooms, underground parking and close proximity to the city mean that this apartment will provide $350 per week rental income and cost only $80 per week to own. Future Development  This property is ready to rent today for $340 per week, but will also make our client lots of profit with future development. The 750 square metre block will easily accomodate up to 3 units which can be sold individually allowing our client to take a holiday, pay off their mortgage or invest in more property. For now, our client will hold this property and enjoy the rental income, but it's nice to know they're sitting on a bundle of profit when they want it!
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We are excited to announce 2 upcoming seminars, the Property Investment Strategy Mastermind and the FREE Property Investment Essentials Seminar.
