- Purchase: $565,000 in September 2023
- Valuation in Jan 2024: $585,000
- ROI: $20,000 equity gain in 4 months
Our client was seeking our expertise on how to build an investment property portfolio after having a bad experience with a prior investment purchase.
Our brief was to search for a new property with depreciation benefits, in a robust location for sub $600k – we were thrilled to find this property that checked all of the boxes.
We continue to see many enticing benefits for investing in this particular location of Regional Victoria such as strong rental demand, strong capital growth, great affordability, infrastructure investment and low vacancy rates.