PURCHASE DATE: August 2014
PROPERTY TYPE: Existing older style house
LOCATION: Salisbury, Brisbane, QLD
PURCHASE PRICE: $462,000
CURRENT VALUE: $600,000
RENOVATION COST: $50,000
RENTAL YIELD: 4.5%
30% Growth in under 4 years
This strategy was taken up by a couple in their fifties who were preparing for retirement. They had paid off their home loan, but had not actively taken control of their own wealth creation strategy.
They began working with AllianceCorp to fast-track their retirement plan. They quickly invested in three properties, a triple purchase strategy in a variety of locations including purchasing an existing house in Salisbury, QLD. AllianceCorp helped them organize a renovation on the property which immediately added value to the property and increased their rental yield.
The location helped secure substantial growth in the value of the property given the increase in demand for properties in the area, the location’s close proximity to the CBD and local amenities.
(source: corelogic RP Data)