- Purchase: $680,000 in Nov 2022
- Valuation in Jan 2024: $725,000
- ROI: $45,000 in 14 months
A great portfolio foundation investment grade asset purchased off market in Newcastle for our first time investor.
Our client was after exposure to a capital city or large regional city that has solid long-term fundamentals and a good rental yield. Due to our relationships with local agents, we were able to gain access to the property off market and provide our clients the competitive edge against other potential buyers.
This partly renovated home 4 bed 2 bath home will prove to be a great set and forget investment property and will continue to perform well.