Chris & Jane’s Journey

Just this week, two very special clients of ours settled the purchase of their home. When they first came to us for some help, they were searching the outer east for properties around the ~$400,000 mark in an attempt to secure a home, but at the same time they had a desire to be property investors also. With a careful focus on their cashflows and the development of a criteria checklist for their home purchase, we were able to re-evaluate their options, come up with a two-part strategy and enable them to purchase BOTH their home and their first investment property.

Once I understood that they valued amenity, (particularly public transport), a bit of space for gardens, shedding and either beach or mountains, I was able to turn my focus to a more affordable suburb which offered all of this for a price well below $400,000….Frankston. This property was secured for $352,500 and sits in a quiet court in the late seventies patch of Frankston known as Karingal. (Karingal is close to the new Centro shopping centre, is within 1.5km of the train station and is within two minute’s drive to both East Link and Peninsula Link.)

The tandem purchase made financial sense – with a purchase price of $213,000 and a rental appraisal of $260pw, this 4BR property in Ballarat’s Sebastopol was secured as the start of their investment portfolio…. With projected gross rental yields of over 6%, our investors can look forward to an almost neutrally geared asset.