2 bedroom villa on the Central Coast.
This beachside property was purchased way below market value when prices were red hot.
Now, it is worth $100,000 more – even though the market has dropped 10% since the date of purchase.
Bought in late 2017.
We picked up this two-bedroom villa on the NSW Central Coast for just $280,000 during the second half of 2017.
Now, just 12 months later, it is worth at least $380,000.
And, it is just across the road from the beach.
It ticks all the boxes.
In terms of being a great foundation property, this one ticks all the boxes.
It has a strong cashflow with rent coming in at $330 a week.
It’s only an hour out of Sydney and it is about 150 metres away from the ocean.
Its location gives it plenty of potential for future development.
And, it has earned about $100,000 in capital value over the last 12 months – even though the Australian property market has gone backwards in this time.
The importance of investing safely.
If you were one of those countless Australians who splurged on property when it was overpriced, you’d be kicking yourself right now.
If you were one of our clients who had nabbed a bargain during this time, you’d be happy you made the right choice.
We think building portfolios in a safe way is more important now than ever before – and there are plenty of bargains to be had.
But, don’t buy just anything – make sure you remember the three keys of successful property investing:
- Buy below market value
- Buy properties with a good upside for growth
- Buy properties with a strong cashflow.
Have you purchased a property that has gone up in value during the market downturn? Please share your experiences in the comments section below.