Simon & Cassie’s Journey

Recently I had the pleasure of working with two lovely clients who had made the step to buy a beautiful investment property in Melbourne’s inner north/east. The goals were simple… capital growth, professional tenant appeal and sought-after scarcity. It didn’t take many weeks of searching to find this gorgeous renovated gem in Fitzroy North’s Rae St. With tram routes only a hop, step, and a jump away, local pubs within walking distance, lovely parklands surrounding and the city just moments away, it was hard to resist the charm of this stunning architecturally renovated period Victorian terrace.

The trick was to try to buy it within budget and for a fair price because it’s fair to say that beauties like this can become so highly prized on auction day, that the investor bidder stands zero chance in the bidding war.

We developed our strategy and pounced with a fair offer on the day before auction, taking a few buyers (including an interstate buyer) by surprise. The property was swiftly and decisively purchased by 5pm Friday and my buyers have secured their precious piece of inner-city Melbourne. Fitzroy North is no stranger to exceptional median house price growth and proudly boasts 13.6% 12 month average growth, and 29.6% 5 year average growth – a great feat in the face of a five year period that posed some challenges across many markets.