This is the second property in less than six months that PROPERTYOLOGY has assisted our clients Holger and Susanne purchase.
Holger and Susanne, who had invested previously, contacted PROPERTYOLOGY after acknowledging that whilst they could do a lot of reading, ultimately, they didn’t have the professional expertise to be making the most astute investment decision. Furthermore, with work and family commitments, they didn’t have the time to be researching property markets Australia-wide, hunting for the perfect property, negotiating with sales agents and arranging all things due diligence.
Our Senior Buyers Agent Bryan Loughnan was able to secure this very well-presented 3-bedroom, 2-bathroom home, which was originally listed with a price guide of $420,000+, for only $404,900. As a bonus ‘cherry on top’, an independent rent appraisal from a local property manager revealed that conservatively Holger and Susanne could expect to achieve a rental of around $420 per week!
The property itself is exceptionally low maintenance, structurally sound and there are no anticipated short term capital expenses. It is located on a quiet street in a very good pocket of a major Australian capital city. Their first purchase before Christmas with PROPERTYOLOGY was in a very exciting regional location in a completely different state and had completely different economic drivers.
Holger and Susanne now have a property portfolio which is spread across four states in a variety of locations each with completely different economic drivers. Investing is about making money, but it is also about minimising risk along the way. By completely diversifying their portfolio as they have, we would argue that Holger and Susanne have one of the most diverse portfolios of any of our clients, or any astute share investor for that matter.
Even with everything they have achieved in such a short amount of time, Holger and Susanne are currently working with their finance broker to arrange finance for 3 additional purchases this year. We can’t wait to continue assisting in building your portfolio Holger and Susanne.
Congratulations again on this great addition to your portfolio.
Bryan Loughnan is Propertyology’s Senior Buyer’s Agent. Bryan has a Bachelor of Applied Science majoring in Property Economics. In 2016, Bryan was a finalist in the Excellence Awards for “Queensland (REIQ) Buyer’s Agent of the Year”.