Ok, been a while since I have posted about my own recent buys but thought while I had 10 mins up my sleve I would post these 2 units I am settling on tomorrow.
3-4 months ago i negotiated these which took forever.
I found a developer who had gone under administration who had built 80 units and did not sell them all.
They were selling $270-300k 1 bed, $370-500k 2 bed, $450-850 3 bed. they were approx 3 years old.
These properties are of a quality finish and in an attractive spot 1hr from sydney.
My two I am settling on are a ground floor 1 bed for $135k, and a 2 Bed with on upper level water views for $212k. these rent for $230 and $290pw with latest increases and will have further rent increases in 3 months time.
This is for water front property, 1 hr from sydney, yield of 7%, and $200k under original sale figures comparables were selling for.
Who says money cannot be made in the current market.
I have attached a few pics without giving too much info away. But these are not a repeatable purchase, but thought id share some of my own portfolio buys of late.
3-4 months ago i negotiated these which took forever.
I found a developer who had gone under administration who had built 80 units and did not sell them all.
They were selling $270-300k 1 bed, $370-500k 2 bed, $450-850 3 bed. they were approx 3 years old.
These properties are of a quality finish and in an attractive spot 1hr from sydney.
My two I am settling on are a ground floor 1 bed for $135k, and a 2 Bed with on upper level water views for $212k. these rent for $230 and $290pw with latest increases and will have further rent increases in 3 months time.
This is for water front property, 1 hr from sydney, yield of 7%, and $200k under original sale figures comparables were selling for.
Who says money cannot be made in the current market.
I have attached a few pics without giving too much info away. But these are not a repeatable purchase, but thought id share some of my own portfolio buys of late.
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