Xara and Oli were on a mission to buy an investment property so that they would have an asset for their daughter’s future and help ensure she won’t be burdened by HECS debt when she’s older.
They realised a few months ago that they needed to take action in building wealth through property and let time grow the value (their plan is to hold it for 10+ years).
As two full-time working parents, finding something with the potential to grow in value but also wouldn’t cost too much to hold was the challenge.
With a max budget of $575k, it wasn’t easy to find a free-standing home that also wasn’t in a bushfire or flood zone.
We met their mortgage broker who was brilliant to work with and got started straight away.
We pursued a number of options in Townsville, but the market wasn’t presenting value and properties were being sold well above their AVM. We pivoted strategy and looked in more regional locations, focusing on Gracemere, Rockhampton.
We secured this property soon after it was listed. It was a perfect opportunity, with existing tenants who didn’t want to move and were thrilled they could stay. Everyone was happy!
