Melbourne Based, single professional

I’ve got a story here from Jake who’s been very busy in the month of July, but here’s one of the great little stories for one of his clients.

The brief for the client was single female professional based out of Melbourne who’s also a property wealth planning client of ours, so that’s also important to note. So, the brief he had was a budget around $3 million. The strategy was a growth asset, so we needed to find a nice growth asset around that $1 million, because $1 million is going to get you a really nice owner occupier appeal period property.

(Recommended podcast: What is Owner-Occupier Appeal and How to Use it When Buying your Next Investment?)

That was our brief and we were going into Melbourne. Now, the result was we found an off-market property, okay, in the inner west of Melbourne that was an asking price of $1.1 million from an outside area agent. Now, once Jake understood that he was dealing with an outside area agent, he knew that not necessarily were they going to be able to do a strong marketing campaign in that area, especially when it was off market, but he also knew that the asking price was far too high. $1.1 million? They were out of the market.

So they must have said to the vendor who was selling the property, “Yep, list it with us! List it with us! We’ll be able to get the best price!” but Jake, he knows his market, he knows his valuations, he was able to say no way known is it worth $1.1 million and so we were able to negotiate that property for mid-to-high $900s.

That was a great result for that particular client and what I love about this from an outcome point of view is, you know, this particular single professional female has said “if it is to be, it’s up to me”, okay, so she said it for whatever reason she’s moving forward with her own plan.

So, she’s now able to take that big first step in financially securing her future with this purchase, so a great result for Jake and for his client out of Melbourne.

So, well done Jake.