$620k Purchase with 4.5% rental yield (2nd Investment Property)

The Client

Stephen and Mai are working professionals focused on building long-term wealth through property. After purchasing their first investment property with us just 11 months earlier and seeing significant equity growth, they returned to secure a second acquisition aligned with the changing investment landscape.

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Why They Appointed a Buyer's Agent

Having seen the outcome of their first purchase, Stephen and Mai wanted the same disciplined approach for their next acquisition. Their focus was finding a property that could perform in a changing tax environment, combining strong growth fundamentals with solid rental yield, while remaining easy to manage alongside busy careers.

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The Outcome

We secured a three-bedroom, two-bathroom property in Geelong for $620,000 - below the clients' $700,000 budget.

The property offered the low-maintenance ownership Stephen and Mai were seeking, while still providing strong owner-occupier appeal for future resale. The property will achieve approximately $540 per week in rent, equating to a gross yield of around 4.5%.

Factors that supported the acquisition:

• Purchase price of $620,000 versus a suburb median of approximately $900,000.
• Approximately 81% owner-occupier occupancy.
• IRSAD ranking in the 89th percentile, indicating a relatively advantaged, higher-income demographic.
• Median household income exceeding $2,000 per week.
• Approximately 1.2% stock on market, reflecting limited supply.
• Suburb growth of approximately 7% over the previous 12 months.

Importantly, the property was selected with the future buyer in mind. Its low-maintenance design, affordable price point and desirable location are expected to appeal to both downsizers and first-home buyers, supporting future resale demand.

The result was a second acquisition secured below budget, delivering strong growth fundamentals, solid cash flow and a strategy designed for the evolving investment landscape.

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