> First Home Buyer
> Purchased at Auction, $35,000 under clients budget
> Purchased for $1,055,000
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→ Purchase = $700,000 ( Bank Valuation $721,000)
→ Rental return = Leased in the High $400 at purchase but with scope to improve to Circa $600 Per week
→ Refurbishment investment ~$40,000
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→ 38 Aliza Place Hazeldean
→ Somerset Dam Views plus Private dam on property
→ Circa $1,300,000 to $1,400,000
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→ Scope for renovation and Great outlook
→ Purchase Price; $470,000
→ Rental Circa $500 Per week
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→ $471,000 Purchase Price
→ Post Settlement Refurbishment $15,000
→ Rental return $520 Per week or ~5.5%
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→ Purchase = $550,000
→ Rental Return = Mid $400’s
→ Rental Return Post Renovation = Mid $500’s
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> Full 6 pack purchased in one line
> Mid $2 Million investment
> Current yield mid 4% gross with scope to increase to over 5%
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