South Brisbane, QLD

CLIENT BRIEF

Purpose of Purchase: Investment

Property Type: Off Market House

Budget: $1,000,000

Client Outcome

How this purchase met the client’s brief:

  • Possible add value through cosmetic renovation
  • Low vacancy
  • Minimal ongoing maintenance

A Successful Investment:

Off-market transactions in the Highgate Hill/South Brisbane area are almost unheard of in the current market environment however due to a strong agent relationship and an overseas vendor, we were able to secure this property. We proposed to the client to spend approximately $10,000 on cosmetic works and internal reconfiguration to create an additional bedroom. This resulted in an increase of $80pw rental income, so the works that PMC Project managed for the client, has provided almost a 50% return on the investment. As a first investment property, the client is extremely pleased with the outcome and will be looking at purchasing again through PMC within 6 months to continue to build their portfolio.

 

Location

South Brisbane, QLD