Property Purchased:
Brisbane, QLD
Property type:
Townhouse
Price:
$595,000
Elliot – 30, Erskineville, NSW
- First home buyer looking to build long term wealth
- Migrated to Australia from England in 2016
- Wants to eventually buy in Sydney
- Was referred to Binnari Property by his financial planner
Results
- The property can be rented at $500 per week which would leave Elliott with a cash flow positive investment
- After Elliott purchased, prices within the development were increased by approximately $30,000
- Median house price in the area has increased by 15% since Elliott’s purchase
Challenges and concerns
Elliot currently rents an apartment in Sydney and wants to eventually be able to buy in the area. However, Sydney’s property market is too out of reach.
Prior to his investment, he was concerned with having to withdraw a large sum of money out of the bank to put a deposit down. He was also concerned with purchasing property off the plan.
“However, there was that element of trust between myself and Binnari in making the decision to purchase off the plan as they gave me reassurance. They know the builders and they know what the market and its potential looks like”.

Working with Binnari
“Working with Binnari enabled me to have access to premium quality properties with the option of choosing what townhouse suited best in one development”.
“With every property there’s challenges through the process, which is out of Binnari’s control, however, I was really impressed with how they dealt with everything. They went above and beyond to make sure I was getting messages from developers and were really on top of communicating with us. I could not fault them at all”.
“Originally I was going to go with another company, however, when I reached out to Binnari it felt right to go ahead with them. Binnari were excellent throughout the whole process. They didn’t push me once, even when I was in that final stage when I was contemplating actually going ahead with the purchase due to the fact that it was off the plan and I can’t actually see the property. They rung me one day and said if you don’t want to go ahead its no problem and we will go and find you another property – I think that was the final reassurance piece.”
The Outcome
Elliot purchased a three bedroom townhouse in Brisbane, QLD. The townhouse will be delivered to an exceptional standard and will continue to attract high demand from local renters and owner occupiers.
As at December 2021, the vacancy rate in the suburb is 0.4% which indicates historically low levels. On completion a rent of $500 per week will be very achievable and will leave Elliott with a cash flow positive investment after tax.
“I was really surprised how quickly this whole process was. Binnari’s research was really in depth and really took the weight off my shoulders as I didn’t have the time or expertise to do it myself. They showed me multiple property options and I picked which one I liked most. It was that simple”
Find out how we can help you“Binnari is a people company that work with you throughout the whole process. They don’t just do the service then leave you be. My best advice to anyone in a similar position to me is to go and have that conversation. You may be thinking property is out of your budget, when in fact there is definitely an option for everyone.”
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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