Modern Classic – Solid Brick Family Living
Purchase Price: $639,000
Gross Rental Yield Achieved: $625 (Gross 5.09% yield)
Property Summary: The property comprised a semi modern 80’s brick and tile roof dwelling providing an above average standard of 3 bedroom, 2 bathroom accommodation, tandem garage, rear deck, in-ground pool and was situated on a 569sqm allotment.
Location: This property is located in one of Brisbane’s Bayside localities known as Wynnum West. This area has good access to the Gateway Motorway, the Port of Brisbane, Brisbane Domestic and International Airports and is 19kms from the Brisbane CBD (30 minute drive). The property is also within walking distance to parkland, local amenities and transport.
THE CLIENT OUTCOME – A SUCCESSFUL INVESTMENT
The clients were a busy professional couple based in Sydney who regularly flew internationally for work and were extremely busy/time poor. We managed to find them a sensational opportunity that hit the open market which was exactly what their financial adviser had set out in the brief. Whilst the client was in Germany and his wife in Sydney, we managed to get a contract signed and a deal done for them. We also were able to market the property for rent prior to settlement as well as have the pool cleaned and 6 cracked roof tiles fixed prior to settlement. The clients were over the moon with the outcome!
Dimitri and Amanda are/have been excellent throughout the process. Happy to refer you guys on at any time. If they can make it work for me they can make it work for anyone. Deal was done with Dimitri while on a 3 hr layover in Dubai whilst my wife was in Sydney and Amanda executed the management agreement promptly and seamlessly sourced a tenant who moved into the property straight after settlement. Service today is often said and often not lived up to – you guys live it. Appreciate all the PMC teams hard work.