Case Study – 6.14% Gross Rental Yield – Leased in 2 days – 7 Months from inspiration to implementation!

We get asked to share client case studies, here is one that shows with the right strategy and team you can achieve results.

Below is the timeline of the journey a client undertook with a QPIA – Accredited ASPIRE Advisor. Watch the video below of the investment taking shape.

Strategy guidelines:

High yielding investment with moderate to good growth potential. Relatively low risk and very low vacancy. Open to looking outside of home state Australia Wide.

Timeline

  • 5th December 2019        Client started the strategy review with QPIA Advisor
  • 17 December 2019          Property selected / Dual Occupancy – $507,900 & (House & Land)
  • 23 January 2020               Contracts signed
  • 21 February 2020             Unconditional Contract
  • 12 March 2020                 Land Settlement completed
  • 22 April 2020                   Slab poured
  • 23 June 2020                    Practical Completion
  • 20 July 2020                     Handover
  • 22 July 2020                     Both units leased – U1 $340 PW | U2 $260 PW

VIDEO – INSPIRATION to IMPLEMENTATION

Inspiration to Implementation – 6.14% Rental Yield – leased in 2 days

The Layout

Dwelling 1: 4 Bed 2 Bath – Dwelling 2: 1 Bed 1 Bath

Two dwellings in 1 property = 2 Rental incomes from 1 block (not sub-dividable)

Dwelling 1: 4 Bed 2 Bath – Dwelling 2: 1 Bed 1 Bath

Both units leased – U1 $340 PW | U2 $260 PW

A couple of the key location factors

  • High owner-occupier dominated suburb with only 12% of properties as rentals accommodation in the area
  • Convenient location
  • Walking distance to shopping village: Woolworths, childcare, specialty stores, amenities, hotel
  • Short drive to CBD

There is never a one size fits all when it comes to investing in property! There are different property types, locations (Australia Wide), budgets, risk profiles, goals and objectives for every investor. Working together with a QPIA (Qualified Property Investment Advisor) an Accredited ASPIRE Property Advisor Network Advisor in your investment team will assist to get the best potential outcome.

If you would like a no-obligation chat with an Advisor, feel free to call me and I will connect you – Richard 1300 710 933

Richard Crabb | MD ASPIRE Network | PIPA Board Member
Author: Richard Crabb | MD ASPIRE Network | PIPA Board Member

QPIA® - Qualified Property Investment Advisor | Licensed Real Estate Agent - VIC: 082760L - SA: RLA 292544 - QLD: 3579879 |Diploma of Financial Planning |Active Property Investor | Board member of PIPA - Property Investment Professionals of Australia. Richard is the Founder and Managing Director of the ASPIRE Advisor Network. After an extensive career in corporate finance and through his personal investing experience, Richard identified the need to create a system and framework that supports ethical, independent property investment advisors who operate in the new property market. The ASPIRE Advisor Network now supports independent property advisors across Australia by providing their business engine and acquisition process, designed around concepts of future compliance in the brand new property sector. Richard together with the ASPIRE team has also developed a complete end to end software platform, which is leading the way to deliver property investment advice in the new property space. Our goal is to work with investors to implement their goals and objectives buying investment properties across Australia, utilising a structure and information-rich end to end experience.

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