$650k Investment, 4.8% Yield

The Client
Prav and Leisha are a couple who own their home and set out to build wealth through property, with the long-term goal of passive income and financial freedom. For Prav, a key driver was building enough wealth to put their young children through private school.

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Why They Appointed a Buyer's Agent
Prav wanted a clear strategy, with proper research, targets and a plan behind every move. He came to Core Property Buyers for location recommendations at both the macro and micro level, and for a competitive edge over the market by accessing opportunities other buyers wouldn’t see. He also wanted the due diligence and negotiation, to secure the right property at the right price without it consuming all his time.

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The Outcome
Secured post-budget for $650,000, well below the suburb median of $807,000. Built in 2013, this low-maintenance brick home delivers a 4.8% rental yield, with broad appeal to first home buyers, young families, downsizers and investors.

Strong household incomes, limited housing supply and a solid history of capital growth, combined with affordability at this price point, support the property's long-term investment potential.

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Purchase Snapshot

• Purchase price: $650,000 (below suburb median of $807,000)
• Property: 3-bed, 2-bath, 2-car
• Rent: $600/week (~4.8% gross yield)
• Owner-occupier: 72% suburb (~85% on the street)
• Vacancy 0.8% · Stock on market 0.6%
• Growth: 9.3% (12mth) · 7.3% p.a. (10yr avg)
• 43km to CBD; schools, shops and transport close by

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