Pedro and Veronica approached us with the goal of purchasing their first investment property. With equity built up in their home, they envisioned a ten-year plan to build wealth through property to supplement their income as they neared retirement. We explored various options across the country, but Pedro had a strong preference for Perth, particularly a location within a 40-minute drive from the city centre.
Based on this, we focused on the Swan Local Government Area (LGA), which is experiencing impressive population growth, a thriving economy, and a high number of owner-occupiers. The area also has a limited housing supply coupled with strong demand. The imminent opening of a train station in the Ellenbrook suburb, which would reduce commuting time to the Perth CBD to just 30 minutes, made it even more appealing. This led us to the conclusion that it was the right area to invest in.
Given the competitiveness of the Perth market, we needed to act quickly on both on-market and off-market opportunities. After missing out on two properties, we had our “third time lucky” moment when we successfully secured a well-presented 4-bedroom home with a theatre, just a five-minute walk from the newly opened Ellenbrook Station. From listing to offer, the process took less than a week. Our local market knowledge allowed us to place a strong bid and secure the property before other potential buyers had the chance to act.
