Danny and Lisa came to us while considering the purchase of a townhouse in Melbourne. Having rented since moving to the city, they were eager to find a permanent home. After discussing their goals, it became clear they could stretch their budget to afford a free-standing house, which better suited their long-term plans.
We focused our search on three specific areas, carefully reviewing numerous options. Initially uncertain about their ideal property, Danny and Lisa discovered during the process that they ultimately wanted a site suitable for a knockdown and rebuild. This refined their criteria, especially in Melbourne’s premium suburbs, where supply was limited. We evaluated factors like aspect, land width, zoning, and precise street locations to identify the perfect block.
Eventually, they came across a property slightly outside their preferred location but with all the features they needed. Despite initial doubts about purchasing it at auction, we decided to be opportunistic. When the property was passed in at auction, we seized the chance to negotiate directly with the vendor. This approach paid off, allowing us to secure the property for $50,000 below the vendor’s expectations and at least $50,000–$100,000 under market value.
Danny and Lisa plan to rent out the property while designing and planning their dream home, aiming to have it completed within the next 24–36 months.
