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Challenge:Konrad was a first-time investor who was seeking assistance entering the property market either as a first-home buyer or first-time-investor. At the time, Konrad hadn't organised finance or spoken to a conveyancer and was unfamiliar with where he could purchase under $440,000
Solution:Utilising the Agenzia Team's expertise and Anthony's relationships with corporate partners, Konrad was able to purchase a single-contract townhouse with 5% deposit in high potential growth area, Taigum. Konrad purchased in Stage 1 of the project for $429,900 using the support of Agenzia's recommended broker and conveyancer.
Results:Konrad's first property now has an estimated market value of $740,000 in under 3 years! The townhouse generates $600 per week in rental income, giving the client a 7.25% on his first investment purchase. Well done to Konrad on taking advantage of the opportunity and purchasing early in the townhouse project when prices are typically at their lowest.