Our client approached us with a clear vision: a property within a $700,000 budget, ready to rent, low maintenance and a budget of up to $300 per week before tax. They were focused on long-term growth, with a 10-year plan, and had a preference for a freestanding house in New South Wales, particularly on the Central Coast.
After carefully considering their preferences, we shortlisted two suburbs on the Central Coast near Newcastle, and two up-and-coming areas in the growing regional hub of Wagga Wagga. After thorough analysis, we decided to concentrate on Wagga Wagga due to its strong growth potential, low-maintenance properties, and the opportunity to achieve and surpass their expectations on rental yield and holding costs.
In the early stages, we found a suitable property just two days into our search, but unfortunately, we missed out. Not ones to give up, we quickly leveraged our network of local agents and secured an off-market property in the same street as the one we had lost. This property, a 4-bedroom, 2-bathroom home built by a respected local builder in 2022, was ideal. It also featured a large double garage/shed, which is highly sought after by tenants in the area.
After careful assessment and negotiation, we successfully secured the property for $650,000—well within the budget and below the Proptrack AVM estimate of $700,682. With a rental estimate of $620 per week conservatively, this property met all our client’s criteria and will be an excellent addition to their portfolio.
This successful outcome highlights the importance of local knowledge, a strong agent network, and swift decision-making. We’re thrilled to have helped our client secure a property that aligns perfectly with their long-term investment goals.
