Property News January 2018
Are you getting the best service and advice from your Property Manager?
We’ll show you how to increase rental returns and increase property worth!
Our goal is to ensure our clients maximise their property investments and accelerate their returns.
We can review your investment portfolio. Analyse the properties market worth and rental return, then identify how this can be improved.
We can perform a cost-benefit analysis in order to advise on the improvements that will help you to unlock increased rental returns and heighten property worth.
We boast extensive experience in identifying where improvements can be added to a property as well as managing the renovation process if required. This means we are able to minimise risk and remove the stress from owners.
The numbers do matter! Let us know if we can help.
Increased rental return
Unit 5 St Marks Rd, Darling Point
Old rent: $500 per week
New rent: $725 per week
Scope of renovation: Paint, Carpet and Kitchen
Cost of renovation: $15,000
$11,700 pa increase in rent
Loan $15,000 for 3 years at 8%
Re payment $118 per week
Increase in capital value based on rent increase
$292,500 ($11,700 pa at 4% yield)
Project managed sale
50 Swan St, Gladesville
Sold for $1,720,000
Car spaces: 1
Sold date: 2nd December 17
Negotiated price and terms
30 Yengo Crt, Holsworthy
Purchase Price: $770,000
Car spaces: 1
Sold date: 20th December 17
Sellers Advocacy Commercial
PROPERTY: TAREN POINT
We were engaged to manage the sale of the property on behalf of a local family in the Sutherland Shire. Our brief was to undertake an initial property assessment, interview, and appoint and manage the most appropriate commercial selling agent.
We oversaw the sale process and ensured the agent was doing his best to achieve the right outcome. After a comprehensive marketing program, there ended up being interest from both owner occupiers, investors as well as the current tenant. Managing these potential buyers were key to achieving a great outcome for the owners.
The property was sold to an owner-occupier who offered attractive straightforward terms which were not subject to renewal of lease, extended settlement periods etc.
Buyer Advocacy Self Found Service
PROPERTY: Mayfield, Newcastle
Assist client in securing their first investment property. Our client located the property themselves which was scheduled to go to auction the following week. The brief was to determine market worth and advise if the property was worth pursuing.
We inspected the property and completed a comprehensive report for our client. After discussions with our client, we were instructed to attend the auction and bid on their behalf. We prepared all the necessary authorities and we received our bidding instructions.
We attended the auction and successfully purchased the property within the price range we recommended to our client.