Our clients had been renting in Balgowlah and were ready to purchase their first family home. With their second baby newly arrived, setting down roots on a family-friendly street, close to their established network of family and friends, was incredibly important.
They had a real penchant for Californian Bungalows and wanted a home with character, good fundamentals and the potential to renovate and make their own.
This home on Jackson Street, Balgowlah fit the brief. We first inspected the property off-market, but securing it required patience and strategy. With construction costs high and the market shifting, the purchase price was critical. We needed to ensure our clients didn’t overpay or risk overcapitalising when they eventually renovated.
Rather than chase the property, we let it go to market, stayed close to the campaign and waited for the right time to act. When the opportunity presented itself, we secured the property at a price we believed represented fair market value.