Purnima and Lohith came to us with a clear ambition, to start building a property portfolio. Their initial brief was to secure a dual income property on a tight budget, with strong cash flow from day one and long term growth to support it.
Over the first one to two months of searching, it became clear that the brief, while ambitious, was going to be very difficult to deliver at their price point without compromising on the things that mattered most. We came back to the table to regroup. Cash flow was important, but when we worked through their priorities together, capital growth emerged as the primary driver of the portfolio they wanted to build.
With that clarity, we reshaped the strategy. Rather than stretching for a dual income property in a compromised location, we recommended focusing on a house in a high growth market that would still generate enough rent to keep their holding position comfortable. A better foundation and a much stronger platform for the next purchase.
We turned to Perth. The fundamentals were stacking up, with strong tailwinds across the market and some of the best rental returns of any capital city at this price point. Within Perth, we focused on Banksia Grove, an area we know well. Supply was tight, vacancy was sitting at record lows, and rental demand was deep and consistent.
It was not long before we identified the right property, an off market opportunity brought to us through one of our long standing agent relationships. With swift negotiation, we secured the home at $805,000 against an appraised value of $815,000, and structured a rent back arrangement with the vendors at above market rent. A clean entry, immediate income, and a strong rental position from day one.
For Purnima and Lohith, it was the perfect outcome, a high growth market, a quality asset secured below appraisal, and a holding position that allows them to continue building toward their next purchase.
