Property Purchased:
Brisbane, QLD
Property type:
Townhouse
Price:
$555,000
Rent:
$520 pw
Chris and Carly – 37, Central Coast, NSW
- Wanted to build wealth for their family
- Considered property investment before, but didn’t think it was achievable
- Was introduced to Binnari by their financial planner
Results
- Rented within 1 week of settlement
- The median house price in the suburb has increased 27% in the last year and a half to $940,000
- Chris & Carly achieved a rental return of 4.8% providing them with a cash flow positive investment
Challenges and concerns
Chris and Carly reached out to Montara Wealth for financial advice (Binnari’s sister company). They had previously thought about property investing but they believed it was not achievable given Carly was on parental leave.
“We didn’t really know how to go about property investment so we originally just put it aside. It wasn’t until Binnari showed us what we could do with the money we had it was an easy decision to go ahead with it. If we hadn’t started working with Binnari we wouldn’t have gone ahead with property investment.”.
“We tossed up investing in shares but knew despite Australia’s lockdowns it was the better option at the time.”
Chris and Carly started working with Binnari right when the pandemic hit Australia with Queensland borders opening and shutting.
“We were a little bit hesitant at the start, and definitely had thoughts to back out. The property that we were going to go ahead with was in Brisbane, so not being able to physically see the property was another reason for our hesitancy.”
“However, Binnari arranged for the property developer to go into the property and take a lot of photos of the whole property. We also arranged for a defects report which was handed over to the developer to fix any issues that were found. Because we’re first time investors we don’t know what we’re doing, so Binnari things to our attention that we never would have thought of such as arranging a depreciation report to be done. All these things that we were helped with, we wouldn’t have known if we were doing this on our own.”
“Binnari was really accommodating with all our questions. We would call them on multiple occasions sounding very anxious. But they knew the situation and what we were facing and really put our minds at ease. Looking back we’re so glad we went through with it given the house prices now.”
“When we discussed with family that we were going ahead with property investment, they were quite concerned. However, personally we always trusted Binnari and the process”.

How We Helped
Working with Binnari
“When we had our first meeting with Binnari, they laid out three great options, one property in Melbourne and two options in Brisbane, showing us the pros and cons of each. The information about each property was in depth and we never felt like there was a hard sell”.
“The biggest question we had was how the rental market would perform. Once we decided to start this process, the next concern was that we really couldn’t afford to have this property untenanted. So it was actually through Binnari’s help and engaging with a property manager that we had a tenant lined up before we even settled. That really put our mind at ease.”
“This whole process has been extremely easy. We’ve had this property for 12 months now and we’ve have to do next to nothing. We’ve have a great tenant who is looking to stay long term, and even going through the purchase and signing contracts was simple.”
“During this whole process our kid was only 1 years old so it really helped”.
Property Selection
In July 2020, Chris & Carly purchased their townhouse in Brisbane. The bayside location continues to grow in its desirability and was selected by Binnari due to it’s tightly held rental market and quickly increasing house prices. The development was apart of a broader estate which attracted a really high proportion of owner occupiers.
The Outcome
The property has been tenanted since settlement with the same tenant since. They were also able to increase the rent which the tenants were fine with. They have achieved a rental return of 4.8% which allows them to hold the property at no cost, after tax.
The market has also increased and Chris and Carly will have achieved strong capital growth in a short time frame. We expect to continue to see the Brisbane market strengthen with Chris & Carly set to benefit strongly.
Find out how we can help you
Speak to our team today
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- Get to know your investment objectives
- Take you through Binnari’s unique investment approach
- Preview specific properties that match your investment strategy
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