658sqm secured for $695k

The Client
Tim and Amanda are a couple who own their home and one investment property, and want to keep building wealth towards an early retirement funded by passive income. They both work busy jobs and are relatively conservative, so they wanted a market with long-term growth they could rely on rather than a speculative bet.

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Why They Appointed a Buyer’s Agent
Tim and Amanda knew they wanted to take their next step but weren’t sure how to go about it. They needed help with the strategy, the right locations, and a data-driven read on which markets would stand up over time. Based in Sydney, they also had no simple way to source property interstate, deal with agents, or work out what due diligence to do and what a property was actually worth. They wanted someone to run the whole process for them, start to finish.

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The Outcome
We secured a brick home on 658sqm for $695k. For Tim and Amanda, the appeal was the land. Getting a parcel this size at this price is hard to do, and it gives them a solid base for long-term growth.

The property is walking distance to North Geelong’s shops and services, with Ring Road access to both Melbourne and the Surf Coast. An easy walk to the local primary school. It yields 4% as-is, with a large landholding underpinning the longer-term case.

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Purchase Snapshot

• Purchase price: $700,000 (EST. $50-70k below market)
• Property: 3-bed, 2-bath, 4-car brick home on 658sqm
• Rent: $540/week (~4% gross yield)
• Owner-occupier: 71% suburb (~85% on the street)
• Vacancy 1.4% · Stock on market 0.8%
• Growth: 9% (12mth) · 6.8% p.a. (10yr avg)
• Northern Geelong, walk to primary school, Ring Road access to Melbourne and the Surf Coast.