Before we purchased it this property had just undergone a renovation, however, the vendor’s situation changed and they suddenly needed to sell.

We put forward an offer with quick due diligence and settlement terms which suited the vendor nicely. With the property already in great condition, we had it rented straight away at $450pw for a great return.

The neighbouring home sold not too long after for $395k which gave us a great opportunity to revalue at the higher level.