Fabio and Kelly came to us ready to buy their first investment property, having already secured their family home in Brisbane and set a budget of around $550,000. They had a clear preference for a low risk strategy and were not comfortable with regional markets or lower socio demographic areas.
After our strategy call, we shifted the brief toward inner ring units and apartments in capital cities, focusing on strong fundamentals rather than chasing short term hype. We opened the search across three key markets, Perth, Brisbane and Adelaide, all showing solid tailwinds for apartment growth, while targeting smaller complexes of 12 or fewer dwellings with a strong land component.
It did not take long for us to uncover a standout opportunity in Glandore: a recently renovated unit in a block of just six on approximately 800 square metres of land, positioned perfectly between the Adelaide CBD and the beaches, and within easy reach of Ashford Hospital. This combination of location, scarcity and land value ticked every box for Fabio and Kelly’s brief.
Drawing on our detailed knowledge of local comparables, we moved quickly and put forward an offer above the advertised guide, but still comfortably within our assessed value range. We secured the property and, as a bonus, Fabio and Kelly were able to lease it for more than our original rental estimate, giving them a strong, low fuss first step into investing.
