Shan came to us as a first time investor based on the Sunshine Coast. Like a lot of young Australians in their 20s and 30s, buying where she actually lives was out of reach. She knew the way around that was rentvesting, continuing to rent on the Sunshine Coast while purchasing an investment property somewhere the numbers actually worked.
When we met for the strategy call, she had a clear deposit, a defined budget, and a strong sense of what she did not want to compromise on. Cash flow was tight, and she was not prepared to change her lifestyle to make the investment work. That meant we had to be precise on yield, careful on holding costs, and disciplined on price.
Once we ran the numbers together, we knew exactly what we were targeting. She had a preference for a newer build, where she would not be caught out by any major surprises down the track, and the budget was firmly capped at $650,000.
With that brief in mind, we shifted focus to Muswellbrook in the Upper Hunter region of New South Wales. It was familiar territory for us. We had purchased in the area before and knew the suburbs, the agents, and the type of stock that suited this strategy.
Within three days of engaging with us, the right opportunity landed. It was a 2020 built, four bedroom, two bathroom house, leased at the time for $560 per week with a rental appraisal of $620. We moved quickly, negotiated firmly, and secured it for $621,000 in under seven days.
The result was exactly what she set out to achieve, a recently built house in a region transitioning from a mining reliant economy to a far more diverse one, not too far from Sydney, with strong yield and early signs of growth already showing through.