Strong yield for retirement planning

The Client
Wes is 57 and planning to transition into retirement over the next few years, with an existing base of property behind him. He wanted to put his equity to work and build enough passive income to retire comfortably, without taking on properties that would need constant upkeep.

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Why He Appointed a Buyer’s Agent
Wes had built real equity over the years but knew that getting from where he was to a reliable retirement income needed a plan, not just another purchase. He wanted portfolio planning that maximised his passive income, and someone to pick the right markets at both the macro and micro level. He also wanted the acquisition handled properly, the due diligence, the valuation and the buying process, so he could keep building towards retirement with confidence.

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The Outcome
We secured a low-maintenance brick villa in Seaford for $580,000. It sits below the suburb’s unit median of $650k and delivers a 4.9% yield.

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Purchase Snapshot

• Purchase price: $580,000
• Property: 2-bed, 1-bath, 1-car brick villa unit on 279sqm, built 1980
• Rent: $545/week (~4.9% gross yield)
• Owner-occupier: 68% suburb (~75% on the street)
• Vacancy 0.9% · Stock on market 0.9%
• Growth: 6.6% (12mth) · 5.2% p.a. (10yr avg)
• 40km to Melbourne CBD; schools, shops and transport close by