Settlement Date – 30/10/2009
Client – Interstate Brisbane – 1783
Purchase type – Investment
Purchase price – $526,000 -
Transaction type – On Market – private treaty
Suburb – Clear Mountain, near Brisbane
Property Type – Vacant Block of Land
Attributes – Large elevated block of land with city and farmland views, purchased to build large owner occupied Taj Mahal.
Settlement Date – 30/10/2009
Client –Local – 2019
Purchase type – On Market private treaty
Purchase price – $335,000
Transaction type – Owner Occupied work transfer
Suburb – Port Macquarie
Property Type – Established
Attributes – 3 bed with ensuite and double garage in a nice part of town near the water.
Settlement Date – 27/10/2009
Client – interstate Brisbane – 1638
Purchase type – Investment
Purchase price – $690,000
Transaction type – On Market – Private Treaty
Suburb – Currimundi, QLD
Property Type – Currently a 3 bed with ensuite shack made of Bessa blocks
Attributes – Located 150m from the beach, this property was bought for the land content only. The client intends to demolish the existing dwelling to construct a new home at a cost of $400k. it is expected that the property will be worth approximately $1.1m upon completion. The client specialises in purchasing tired houses, renovating or redeveloping them and revaluing to extract equity. They typically buy 1 to 2 properties a year and have successfully done well with more than 10 such deals across the Brisbane area.
Settlement Date – 23/10/2009
Client – Interstate – 1602
Purchase type – Investment
Purchase price – $380,000
Transaction type – On market – Private Treaty
Suburb – Manly – Inner Brisbane
Property Type – 3 bed townhouse with 1 bath and single lock up garage, 100m2 living area
Attributes – Four streets back from beach, the client used a buyer’s agent to source this property as they are in the Army on deployment. Currently renting for $380pw.
Settlement Date – 09/10/2009
Client – Local – 1545
Purchase type – Investment
Purchase price – $485,000
Transaction type – On Market
Suburb – St Kida, Melbourne
Property Type – 2 bed unit with single bath and off street parking
Attributes – Car space has its own title. St Kilda is a very trendy and popular area and it is anticipated that this property will rent for $470pw. The client used a buyer’s agent to source this investment property as she was buying into an area she was unfamiliar with.
Settlement Date – 23/10/2009
Client – Local – 1120
Purchase type – Investment
Purchase price – $195,000
Transaction type – Off the plan town house
Suburb – Queanbeyan, ACT
Property Type – One bedroom unit on first floor with LU garage.
Attributes – Living area is 35m2. The property was bought from a developer around12 months ago, but has only just settled due to garage and boundary issues with Council. Rented at $245pw.
Settlement Date – 23/10/2009
Client –interstate, Victoria – 1678
Purchase type – Block and build
Purchase price – $295,000
Transaction type – construction
Suburb – Point Cook, VIC
Property Type – 3 bed with single garage, entry level property
Attributes – Located close to a new shopping centre and public transport and only 20 minutes from Melbourne CBD.
Settlement Date – 13/10/2009
Client –Local – 2004
Purchase type – Investment
Purchase price – $445,000
Transaction type – On market, Private treaty
Suburb – Flynn – Canberra, ACT
Property Type – 4 bedroom with ensuite, double lock up garage and in-ground pool
Attributes – Close to Belconnen Mall (Westfield), this property will rent for $440pw
Settlement Date – 26/10/2009
Client –interstate – Sydney – 1653
Purchase type – 2 bed unit
Purchase price – $255,000
Transaction type – on market found through realestate.com
Suburb – Wiley Park (Punchbowl area), Sydney
Property Type – 2 bed unit wit off street parking
Attributes – Renting for $340pw, the property had been re carpeted and painted by the vendor.
Settlement Date – 13/10/2009
Client –interstate– Victoria – 1618
Purchase type – Investment
Purchase price – $350,000
Transaction type – Auction
Suburb – Soldiers Hill (near Ballarat), VIC
Property Type – Two x 2 bedroom units and one x 1 bedroom unit
Attributes – 3 units on a single title which means multiple tenants and multiple income. All three are currently renting for $355pw, but with a cosmetic make over this is expected to increase to around $520 pw.
Settlement Date – 27/10/2009
Client –Brisbane – 1562
Purchase type – Block and build
Purchase price – $484,000
Transaction type – construction
Suburb – Warner, QLD
Property Type – 4 bed ensuite with double garage and attached 2 bed flat with single garage
Attributes – Comparative sales in the area suggest that this property will be worth approximately $550k on completion, with the flat renting for $300pw and the house for $370 pw.
Settlement Date – 26/10/2009
Client –Local – 1627
Purchase type – Investment
Construction price – $157,265
Transaction type – Construction of dual occupancy on back of existing investment property
Suburb – Hamlyn Heights (Geelong area), VIC
Property Type – construction of a new 3 bedroom home with ensuite + double lock up garage – around 123m2
Attributes – This client specialises in buying large blocks in this area, building on the back and then splitting the titles. They bought the original house in June 2008 for $245k and the end valuation for both properties upon completion will be around $490,000, which spells an $88k gain over both. They will be held and tenanted for $250pw for the old front house and $350pw for the new back one. The client’s wife does it all by satellite!
