A client’s first purchase and they wanted to dip their toes in.

This was a single storey unit in a small complex (we don’t buy in high rise apartment blocks!).

It was opposite a playground, reserve and river, with walking trails.

This unit was in good condition but still had huge potential to manufacture growth with a future effective cosmetic renovation.

The Figures

• Purchase price: $338K

• Value now: $450K+

• Potential value of reno: $550K+