Brisbane Buyers Agents Results Huge Capital Growth. Thats right, Brisbane Buyers Agent Alistair Kelsall purchased an imvestment property in Brisbane for a Sydney client which has achieved Over Three Hundred Thousand Dollars Capital Growth In three Years.
How Did I Do It
This was an Off Market Property that an agent has contacted me about. The current owners were goin through a seperation and there were clear signs of urgency. A previous contract had fallen through under finance wh9ch was the cause of the urgency, the owners wnated out and the property sold with no further issues.
I had a very string client who was pre aproved and ready to go.
The Property
The property is your classic bread and butter Brisbane investment property, 18 kilometres to the Brisbane CDB, 604 m2 of land, 4 bedroom 2 bathrooms, double lock garage, air cons in the main living area and the mater bedroom which ensuite. This type of property will appeal to a very high percentage of potential tenants which means it will always achieve a high rate of return and when the time comes to rent it out and in the future sell it.
The Offer
If you as a Brisbane Buyers Agent know the driving factors behind the seller you can use that to your advantage to secure a a very good property at a very good price. This property had a contract on it for $500,000 which was a very fair price. But that contract fell over on finance. I made an offer of $485,000 with very strong terms and conditions, seven days for building and pest inspection, fourteen days for finance approval and thirty days for settlement.
Again this is where the skills of a good brisbane buyers agent comes in, sometimes it’s not about the actual sale price, the likely hood of the transaction completing through to settlement can be more import and if your a good buyers agent, like Alistair Kelsall, you can read between the lines and take advantage of the situation and make a low but fair and sensible offer which will have a very strong likely hood of being accepted.
Our offer was accepted so I secured the property for $15,000 less than it’s true value.
The Secret
The secret to securing properties like is, is to have an extensive network of good real estate agents who will always inform you of any properties that have had an issue with a previous contract and need the property sold. You can save a great deal of money by operating this way. Infact 95% of the properties I purchase are off market.
Performance
Over Three Hundred Thousand Dollars Capital Growth In Three Years
Date Purchased 16/12/2021
Paid $485,000
Value Today Between $800K-$900K
Growth at $850K = $366,000
Address :19 Van Asch Close, Doolandella QLD, Australia
