This Perth property investment case study demonstrates how a client achieved a 5% rental yield and rented their property in just five days. It highlights how the right strategy, team, and guidance from a QPIA – Accredited ASPIRE Advisor can deliver excellent results aligned to your investment goals.
Client Strategy
Client strategy and criteria: Maximum borrowing capacity $350k, freehold house and land (no strata/bodycorp fees), 4+% rental return, Australian Capital city in a market poised for potential capital growth over long-term
Timeline
- 15th Sept 19: QPIA Advisor engaged to review strategy and implementation plan
- 1 October 2019: Property Selected/EOI submitted – House and Land $329,999 (Under budget)
- 24 December 2019: Land Settlement Completed
- March 2020: Slab poured
- 14 July 2020: Practical Completion
- 30 July2020: Handover
- 6 August 2020: House Leased $320 Per Week 12 month lease. (Plan had forecasted for $300 per week)
Perth Rental Demand
Property manager Rent West stated, “Our office vacancy is under 1%. Of 1500 properties under management we have 13 available for rent. The current vacancy across Perth is approximately 2%.”.
The Building Journey
ADD PHOTOS
The Location
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 in getting 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