Tom and Laura had migrated to Australia and were happily renting an apartment in Bondi. They were keen to get a foothold in the Australian property market, but were concerned that purchasing a home in the expensive Sydney market would leave them financially exposed so one of Tom’s colleagues introduced him to Binnari.
How we helped
Tom and Laura decided in consultation with the Binnari team to continue to rent their Bondi apartment and develop an investment property portfolio that would have minimal impact on their everyday cash flow. After reviewing several options with the Binnari team, Tom and Laura purchased an established Brisbane apartment. One year later they purchased a boutique apartment in Melbourne to provide diversity to their current property portfolio. Tom and Laura financial situation has continued to strengthen and they’re currently looking to purchase a family home near Bondi. The purchase of the two investment properties allowed Tom and Laura to get a foothold into the Australian property market, until they were comfortable they had the financial resources to purchase their family home.
Outcome for Morningside
- Property: 3 bed, 2 bath, 1 car
- Price: $595,000
- Rent: $565/week
- Yield: 4.93%
- Time to tenant: 2 days
Collingwood property due to be completed Q3 2018.
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aspirations with investment property
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