[THE VAULT] WESTERN SYDNEY INVESTMENT HOUSE DOUBLED IN VALUE
This three-bedroom house on the outskirts of Sydney was purchased for just $225,000 in late 2012. Three years later, it had more than doubled in value.
Impressive? Yes, but the numbers don’t stop there – this property is just one of many bread and butter properties within the purchaser’s portfolio. As this example from the Vault shows, when it comes to making it big through property investing, it’s not just the individual properties that count, it’s the order in which you purchase them.
HOUSE AND LAND IN SYDNEY FOR ONLY $225,000?!
Four years ago, at the end of 2012, there were still opportunities to purchase free standing dwellings on the edge of Sydney for less than $250,000 – for those who could negotiate, that is. This property is situated near the Campbelltown area, in Greater Western Sydney.
Can you still purchase a house in Sydney for less than $250,000?
No. But you can still purchase properties within metro Brisbane around this price.
COMPARABLE SALES ARE MORE THAN DOUBLE THE PURCHASE PRICE
In late 2015, this house was worth around $450,000 to $500,000.
DON’T JUST DO IT – DO IT RIGHT
This one property has made around $275,000 in equity over just three years. The difference between buying one or two of these properties, and 10 or 20, is knowing what to look for and when. It’s not enough to just follow the three keys of successful property investing and buy below market value, with a good upside for growth and a neutral cash flow.
To really make it in your investing, you need to know what type of property to purchase at each stage of your investing. By purchasing in the right order with the best finance and structure, it is possible to build a property portfolio that will take you to achieve financial freedom.
THE RIGHT TEAM MAKES ALL THE DIFFERENCE
In order to know what is best to buy at each and every stage of your journey, it is indispensable to have the right team of professionals around you. Your accountant, financial advisor, mortgage broker, buyer’s agent and solicitor need to be on the same page and working together with you in order to make your dreams turn into reality.
Every investor’s journey is their own – there is no set formula for buying in the right order. It all comes down to where you are at financially, and what you would like to achieve through investing.
It is in your hands, so make it happen!
Have you purchased in Sydney for less than $250,000? Please share your story in the comments section below.