[THE VAULT] SYDNEY APARTMENT NEARLY DOUBLED IN A YEAR
This two-bedroom apartment earned around $200,000 in capital value over a 12-month period, making it an excellent addition to our client’s bread and butter property portfolio.
PURCHASED $50,000 UNDER MARKET VALUE
We picked up this unit for just $270,000 at a time when comparable sales were around $320,000.
NEARLY DOUBLED IN A YEAR
In the year that went by – from September 2014 to September 2015 – the value of this apartment skyrocketed to between $450,000 to $500,000. That’s around $200,000 more than the purchase price!
WHERE IS IT LOCATED?
This property is located in Auburn, close to “Sydney’s second CBD”, Parramatta. It is part of a small complex of eight flats nestled in a leafy surround.
DOING IT THE PIA WAY
The difference between an investor who buys one or two properties over ten years, and an investor who buys 5, 10 or 20 properties in that same amount of time, is not so much the amount of starting capital, or even income.
The true difference lies in how well they have planned their investing, whether they have a kick-ass strategy and whether they are surrounded by the right team of professionals.
Having the right success team, the right financing and a buyer’s agent who knows exactly what to purchase at each stage of your investing means you will accumulate a balanced portfolio in the best way to maximize your gains and build your portfolio without delay.
BUYING IN A HEATED MARKET
When you look at the purchase price of this property, you would be forgiven for not believing it is located in Sydney. It just goes to show that even when you think a market is heated and there are no opportunities left, there is always that diamond in the rough waiting to be unearthed.
Going through an established buyer’s agent such as PIA, means you will not only find such gems, but you will have them presented to you at a discounted price – so you know they are good value.
It also means peace of mind when it comes to buying the right properties, that are in line with your strategy and whatever stage of your investing you are in. This means you can be confident with your investing journey and look forward to the future that lays ahead.
Have you purchased a property with excellent growth such as this one? Please share your experiences in the comments section below.