PURCHASE DATE: January 2014
PROPERTY TYPE: New House and Land
LOCATION: Jordan Springs, Penrith Western Sydney, NSW
PURCHASE PRICE: $541,275
CURRENT VALUE: $685,000
RENTAL YIELD: 5%
27% GROWTH IN 4 YEARS
Young, professional couple in their thirties looking to invest for the first time to start taking ownership of their personal wealth creation goals. They settled on a dual purchase strategy that included a property in Jordan Springs, a growth corridor in western Sydney.
The growth in this location can be attributed to a variety of factors including infrastructure development, expanding population, growth in employment in the region. Initially the client was apprehensive about buying in a growth corridor as opposed to a more established inner city suburb.
This is a prime example of the benefit of working with a property investment consultancy such as AllianceCorp as the clients were exposed to a strategy they otherwise would not have considered that allowed them to enter the market at a price-point they could afford and still experience significant growth.
(source: corelogic RP Data)