As a professional couple with limited real estate expertise, the total effort and professionalism of James and his team has been exemplary. We were given detailed introductory information with adequate time to digest and understand the nuances. With their knowledge of a highly dynamic, volatile market the whole experience for us was made stress-free.S. S.
Purpose of Purchase: Investment
Property Type: House
- Capital Growth
- Rent Ability
- Low Maintenance
- Strong location, property was purchased 10% under suburb median
- Solid brick construction
- Good depreciation due to the recent internal renovation
- Walking distance to Corinda State High School
- High level of owner occupiers in the pocket
A Successful Investment:
We were advised about this property as a pre-market listing. We inspected the property and initially assessed the property above this clients budget amount, so we left it at that. Six weeks later, we decided to attend the auction more so just to see whether there was an opportunity to secure the property under the clients budget but more importantly under market value.
The property was passed in at auction. We were the highest bidder at the auction which meant we had first right to negotiate with the sellers post auction. We were then able to secure the property $25,000 under where we believed its market value was, which was an extremely good result.
Post negotiations, the selling agent had interest from other parties at $600,000. This was a great result for our client as it gave us further validation that we had secured an investment grade blue chip asset below market value. This client was very happy with the outcome.