5% rental yield in a tight market - $620k purchase price

5% rental yield in a tight market - $620k purchase price

The Brief:

  • Build a portfolio generating passive income to support early retirement.
  • Balance yield, growth and future borrowing capacity.
  • Target established markets with strong demographics, limited supply and broad buyer appeal.

The Client
Aaron is a FIFO worker, referred to Core Property Buyers by a past client. He set out to build long-term wealth and generate enough passive income to retire early.

‍

Why He Appointed a Buyer's Agent
Working FIFO, Aaron had little time to research markets, assess properties or run thorough due diligence. He also valued expert market insight, access to quality stock and experienced negotiation. He engaged Core Property Buyers to set a clear strategy, identify the right properties, and avoid the costly mistakes that could delay his path to financial independence.

‍

The Outcome
We secured a top-floor, two-bedroom apartment for $620,000, the first step in a broader multi-property strategy. Aaron was clear on his numbers, so while sentiment stayed soft post-budget, he moved.

The opportunity centred on affordability, scarcity and long-term demand. Median house prices sit at $1.43m against $580k for units, so apartments offer an accessible entry for first home buyers, investors and downsizers. Strong local incomes, lifestyle amenities and low building approvals support the thesis, alongside a 0.5% vacancy rate and just 0.4% stock on market.

For Aaron, it was another step towards a scalable, income-producing portfolio and early retirement.

‍

Purchase Snapshot

  • Purchase price: $620,000
  • Property: 2-bed, 1-bath, 1-car apartment
  • Position: Top floor, rear of a 16-unit block
  • Rental yield: ~5%
  • Vacancy: 0.5% | Stock on market: 0.4%
  • Location: ~8km to Melbourne CBD, close to Alma Village, shops, cafés and public transport

‍

‍

No items found.
get in main image

Get in Touch

Name
Email
Phone
Message
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
get form absolute