Fortitude Valley, First-Time Home Buyer & Investor
Client Brief:
Client: Sydney based first-time homebuyer and investor
Budget: $450,000
Objective: To find a high-yielding unit, targeting a net return of $175 per week.
The Property Search:
The client’s brief was clear: they needed a property that would not only fit within a budget of $450,000 but also provide a strong rental return of at least $175 per week. Given the importance of both the budget and return on investment, the search required careful consideration of Brisbane’s property market.
After an in-depth discussion about the client's goals and requirements, Tina focused on areas with high rental demand and potential for solid yields. Tina’s expertise in the Brisbane market, particularly in areas like Fortitude Valley, played a key role in narrowing down the search.
The Purchase:
Property: 1-bedroom unit in Fortitude Valley
Purchase Price: $410,000
Rental Return: $550 per week
The client’s goal of achieving a net income of $175 per week was comfortably met with a rental return of $550 per week, well above the target. This solid rental yield positioned the client for a strong investment moving forward.
Buyer Review:
“Tina was an enormous help buying my first property. Initially, I wasn’t convinced about using a buyer’s agent, but after speaking to friends who recommended her highly, I decided to give it a go.
I had strict requirements around my budget and expected net return, so it wasn’t an easy brief. Tina’s expertise in Brisbane suburbs and her strong relationships with sellers' agents made a huge difference in narrowing the scope of our search.
Tina was professional and thorough in her research and document review. She found issues I likely would have missed and saved me from making poor decisions more than once.
We eventually found the perfect unit. It was a relief to have someone on my side, watching out for my interests, especially during such a stressful process. Tina assisted with everything: from finding a reliable mortgage broker to communicating with agents, shortlisting properties, reviewing documents, and importantly, negotiating with the sales agent.
I'm confident I wouldn't have secured this unit without Tina’s help. She was amazing to work with, and I would have no hesitation recommending her to anyone looking to buy property.”
Conclusion:
Tina’s expertise in both the Brisbane property market and negotiation skills proved to be invaluable to the client. By understanding the client’s financial goals and leveraging her local knowledge, Tina was able to secure a high-yielding investment property well within the client’s budget, exceeding expectations and setting them up for success as a first-time investor.
At Tina James, we are committed to helping our clients achieve their property goals and make confident decisions. Contact us to learn more.