Triple Investment Purchase by Interstate Buyer

The first cab off the rank. This property caught our eye because Peterhead is the often forgotten suburb located next to seaside suburbs Semaphore and Largs Bay. The family home built in 2016 is set on a low maintenance block of 354sqm and is a short distance to the beach, public transport, shops and schools. The property was listed for private sale and we had an excellent working relationship with the selling agent. This relationship ensured we had the upper hand during negotiations as we were able to meet all the vendors preferred conditions and fight off other interested parties.

We commenced the rental listing a few days out from settlement at an asking price of $475pw. We collected the keys on the day of settlement and the home was shown within a few hours! We ended up with multiple quality applications and a result above expectations of $485.⁠⠀

This is the second property in the portfolio purchased for our overseas client.⁠ Valley View is predominantly owner-occupied suburb that has been achieving strong growth in recent years. This particular property was nestled in a low traffic street area amongst other quality homes. The “wow” factor was the deck and yard that provides gorgeous views of the Adelaide Hills.

Once again, this home is situated in an area with high growth potential and strong rental interest. We don’t only look at the facts and figures when viewing properties for investors, but we also look at whether they would appeal to tenants and the target market of tenants. ⠀

There are good local school options nearby and pretty parks and reserves for exercise or a casual stroll. The O-Bahn Busway is close by for quality public transport to the city, and the bus route on Wright Road is within walking distance. Tea Tree Plaza provides world-class shopping facilities and Ingle Farm or Valley View Shopping Centres cater for weekly grocery shopping.

Purchased under the hammer at auction, with a good attendance, our strategic and confident bidding put off FHB in attendance and we secured the property under budget for our client. The vendors of this property, were actually keen to stay on as tenants for a short period, leaving no vacancy at all for our client after settlement, and a fair and reasonable rental value for the coming months. With such a beautiful overall feel, lovely view, relaxing backyard, this home will continue to attract the type of tenants we and our clients are after!

The final piece to the puzzle. Another home purchased for our overseas client, once again in a differing suburb to the previous two, but still with strong growth potential and rental yield.

This gorgeous home is near Hope Valley’s finest offerings which are easily accessed and just moments away, including a variety of schools and parks.  It is 16kms from the CBD and 4kms to Westfield Tea Tree Plaza.

We love that this home is on good-sized block, that the block is flat and internally the home has been tastefully renovated. Ensuring that our client will be able to maximise their returns without having to make any changes and the land itself will generate strong growth in the future.

This property was auctioned under unusual circumstances for Adelaide, it was an online auction that went for a period of days and we were able to make electronic offers with attached terms and conditions. There were over half a dozen offers on the table and we managed to secure it with extra money left in the budget.

The Adelaide rental market is tight and we were able to capitalise on the lack of available stock. The vendor requested to lease the property back for a week allowing us to commence advertising and show the property, prior to it becoming vacant. Our new owner received multiple quality applications and could take the pick of the bunch. Between the vendor vacating and the tenants commencing, there was only one none income-earning day, we call this pretty good business!