Building a Balanced Property Portfolio

Building a Balanced Property Portfolio
March 18, 2016 Simon Pressley

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After first meeting with PROPERTYOLOGY last year, this is the first property we have assisted Brisbane based clients Sacha and Natalya purchase.  This property is a great addition to a larger property portfolio and they continue to minimise risk through location and industry driver diversification.
Just like a healthy ‘balanced’ diet, basic, low maintenance, ‘no frills’ properties like this are important in a property portfolio of astute investors.

This property;

  • Located in a capital city location
  • Less than 3 km from the centre of the CBD
  • Very well presented, 2-bedroom, 1-bathroom apartment
  • Part of an exceptionally low maintenance complex with body corporate fees of ONLY $400pa
  • Recently renovated kitchen and open plan lounge and living area
  • New floor coverings and repainted internal walls throughoutGood size bedrooms both with built in wardrobes for storage
  • Good size bedrooms both with built in wardrobes for storage
  • Well-presented bathroomRent independently appraised at up to $310pw
  • Rent independently appraised at up to $310pw

With plenty of buyer activity and a recent reduction in the number of properties for sale in this location, PROPERTYOLOGY moved quickly to secure this property for Sacha and Natalya within a couple of days of the agent being formally appointed to sell the property.

The vendor was hopeful of achieving a sale price in excess of $300,000, however, our Buyer’s Agent team did a great job in leveraging a relationship they had built with the sales agent through other recent purchases and secured the property for ONLY $290,000!!

A fantastic outcome.

Congratulations again Sacha and Natalya.  We look forward to assisting with your next purchase soon.

Propertyology are Australia’s most respected Buyer’s Agents, not just analysts.


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