Elliot, NSW - Binnari Property

Elliot, NSW

Property Purchased:

Brisbane, QLD

Property type:

Townhouse

Price:

$595,000

Rent:

$500 pw

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”

“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.”

Find out how we can help you

Hear from Elliot

“What stood out to me was that complete offering that Binnari provide. I needed to invest my savings into something so property was the way to go and once that property is finalised I’ll be speaking with Luke at Orium (Binnari’s sister mortgage broking company) to help me finance the property.”

Hear from Elliot

“Now that I’ve bought a property in Brisbane, in 5 years time I will be able to purchase property in Sydney, which has always been my goal.”

Hear from Elliot

“Go speak to the experts at Binnari – they have an in depth knowledge of what is happening in the market, in not just Sydney but also interstate.”

Speak to our team today

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Google Rating

4.9

Binnari Property

Based on 38 reviews

Toby Price

04:22 30 Apr 21

I have found the staff at Binnari have a real focus on providing exceptional customer care. They are incredibly... responsive and will follow through with questions or requests. The purchase of my investment property is still pending. Thus far they have made the process very easy and straightforward. We have had a lot of confidence in their property advice. I look forward to completing our purchase and renting out our property.read more

Niels Willemars

08:12 29 Apr 21

I cannot thank Binnari enough.Being an expat from the Netherlands, as well as a first home buyer/investor, I had no... idea what I was doing. I knew that my first home was not going to be the home I ended up in, so I explained to Binnari that my priority was a good investment return. I thought what I wanted was a 4 bedroom home, but then David laid the facts and figures in front of me, combined with an investment thesis that made complete sense to me, and we ended up buying a luxury apartment in the middle of town, and close to the beach.The team have always been super approachable, very responsive, and seem to truly want to see their clients succeed.To top it all off, based off of what similar properties are currently selling for, if we had gone with our original idea, a 10% capital gain to date would have been generous. Instead, one of the similar apartments in our building sold a few weeks ago for just over 29% more than what we paid for ours. I couldn't think of a better start to our first long-term investment.See you for the next one Binnari!read more

Pat D

11:02 22 Apr 21

Positives: Professional, Trusted Advisor, Credible, ResourcefulBuying property with ease! Dom and team are well... organised, amazingly proactive and fair to say Dom is passionate about property. Absolutely understood our requirements. We were blown away with the property options Dom provided to us, all backed up with credible, solid research on location, amenity, trends etc to support his recommendations. There were no high pressure tactics, support services were recommended but there was no compulsion to use them and there was no buyer’s agent fee for the research. Would highly recommend Binnari to family and friends who are looking to purchase investment property.read more

Chris Smith

02:43 09 Apr 21

These guys are efficient and know their markets well! They went out of their way to accommodate our busy schedules.... They had done their research and had solid facts to support their reasoning on which areas hold the best potential grow. I would not hesitate to use them again to help find an investment property!read more

Anthony Hanna

01:51 09 Apr 21

Dave and Dom have been excellent during the process of purchasing our first investment property. They presented us with... several options that fit our criteria and were not pushy to get us to sign anything.Dom explained everything very clearly to us and has been very responsive whenever we had questions along the way.Have recommended them to family members and I will personally be using Binnari again in the future.read more

P James

23:21 01 Apr 21

Going through the purchase of my first investment property has been made easy and hassle free by the team at Binnari... Property. Dominc provided in depth research into multiple properties allowing me to select one in my price range and appealed to me. I look forward to working with them in the future.read more

Sean Geddes

04:31 01 Apr 21

My experience with the Binnari team has been pleasurable to say the least. I would highly recommend them when looking... for property as they pretty much tailored the deal to suit our exact requirements. It would be amiss of me not to say thank you Dominic Cavagnino.read more

David Muscat

12:15 22 Mar 21

I was keen to get back into some property investing and after hearing about businesses like Binnari I really liked the... idea of using a specialist to help in the process. At the first meeting with the Binnari team they explained their methodology, why they focus on certain properties in certain areas, but also took into consideration our financial goals. Coupled with their genuine interest in only offering options that would work I was sold and ultimately selected Binnari to get back into the investment game. Since then, the experience of going through the property selection and buying process has been second to none. Dominic and his team assist in every step ensuring that it proceeds as smoothly as possible and the attention you get remains constant throughout. I highly recommend the Binnari team to anyone looking at investing in property. You won't be disappointed.read more

Gilly Bear

22:15 10 Mar 21

We were referred to Dominic from Binnari Property by our financial planner to assist us in finding a suitable property... to invest within our SMSF. He understood from the outset what we required for our circumstances & timeframe and presented a professional detailed analysis of the Australian property market including metropolitan & regional areas. He proposed a few properties for our consideration based on that analysis and, after some deliberations, we decided to proceed with one of these properties. Being our first ever acquisition through SMSF, we required additional guidance - Christina & Dominic assisted us through the process & liaising with all parties (Seller, Solicitors & Lender) as required. They were always available & very responsive - especially as most of the initial transactions and contract dealings were over the Xmas-New Year period and the timeframes didn't slip. We just settled on the property in Brisbane without once inspecting it due to Covid travel restrictions and couldn't be happier with the outcome so far. In fact, we decided to proceed with another property that Dominic had presented outside of SMSF and this is currently underway. Professional, responsive and genuinely friendly service.read more

C Rutland

02:45 19 Oct 20

A pleasure to work with. We purchased our first investment property with the help of Dom and the whole process was... professional from beginning to end. The depth of market knowledge from Binnari was impressive and all of our questions were promptly answered. Highly recommended for first time investors. Thanks Dom!read more

Steve Badgery

03:34 09 Oct 20

I would like to thank David and Dom and the team at Binnari Property for the great service they have provided as my... partner and I looked to diversify our investment portfolio. Their research and advice has been very useful in our decision making process and our difficult questions and demands were never too much for them. I would highly recommend Binnari Property to anyone looking to purchase an investment property especially in their super fund.read more

Ardy Powell

06:18 08 Oct 20

Excellent experience with Dave, Dom and the team. Whole process from start to finish made me comfortable in the buying... decision, and has enabled me to continue building my investment portfolio with a property in an area I would never have considered, if it weren't for their knowledge and expertise.. Highly recommend.read more

Alexander Sierra

05:59 01 Sep 20

I recently settled on my first investment property in Melbourne. The process was so easy and simple with Binnari taking... care of everything for me. The property has now settled, and I’m really happy with the finished product. I was able to find a tenant straight away which has meant that I have not been out of pocket at all throughout the process.I’d highly recommend the Binnari team to anyone looking to buy an investment property.read more

Nicholas Falconer

00:25 01 Sep 20

Thanks Team, amazing to work with

David Spero

02:14 02 Jul 20

I knew I couldn't afford to purchase in Sydney, but I had no idea where to start when it came to researching properties... interstate. I'd heard of so many horror stories of buying overpriced apartments, but I was referred to David and Dom from a friend who spoke highly of Binnari. From my perspective, the team were professional, polite, thorough and consultative. I now have a very nice positively cash flowed townhouse in Brisbane and I couldn't thank the team enough for their assistance.read more

Anna Wilson

03:27 26 Jun 20

I had a great experience working with Dominic and David. It is nice to work with a company who have the genuine... interest of the client at the core. Would recommend Binnari Property to anyone looking to start investing in property or those expanding their portfolio.read more

Ella Rose

02:44 26 Jun 20

Binnari Property have been so great to work with and have had an amazing impact on growing my investment portfolio.... Loved every moment working with them!read more

Luke Elchah

10:12 28 May 20

I recently referred my father to meet with Dom and David at Binnari Property. He met with various property research... companies before Binnari but found comfort and confidence in their thorough and professional approach to finding him an investment property that would compliment his existing portfolio.I cannot recommend the Binnari team highly enough. The property itself was rented before settlement at a rate higher and sooner than we expected!Overall a great experience.read more

Zane Mateus

12:02 21 May 20

I went to Binnari Property last year when I was looking to buy my first investment property. They helped me to... understand what I should be looking for and where I should be investing. They took the time to understand my goals and were able to find a property that would help me to achieve them. So far, my property has been rented since purchase and has already shown some signs of capital growth. I couldn’t reccomend the Binnari team enough and I can’t wait to purchase my second with them.read more

N C

10:10 21 May 20

About a year ago I met with Binnari Property to educate myself on how to start building a property portfolio. They were... extremely detailed and helped me to become really comfortable in making an investment decision. They really took the time to discuss what I was looking to achieve and identified a property that would help me to do that.From day one my property has been rented and has already shown signs of some quick capital growth. I highly recommend chatting to these guys if you’re looking for some guidance.read more

Blake Horton

01:15 09 Oct 18

Highly Recommend!! Fantastic strategic advice and detailed research around investment properties that made sense to... invest in! These guys are the real deal! Extremely happy with Dave and the Team!read more

Paul G

21:24 24 Sep 18

Highly recommend! I met with David to discuss my financial situation and looking to invest in my first investment... property. David was kind and knowledgeable and made everything really simple. He seemed genuinely interested in helping me and growing my wealth. Looking forward to dealing with David and the team at Binnari moving forward!read more

Karen

00:17 28 Aug 18

Our experience with Binnari Property has been thoroughly positive. The team are wonderful to work with, super... responsive to all and any queries during what could have been a daunting process. Thrilled with the outcome and would highly recommend.read more

Lorraine Ashley

01:35 16 Aug 18

As first-time investors, Binnari Property guided us through everything - helping us to choose a property, explaining... every step of the process, making recommendations, and providing any assistance we needed. The team is very professional, friendly and helpful. We would have no hesitation recommending them to anyone.read more

Tom J

23:20 15 Aug 18

I purchased my first investment property through Binnari Property and would have no qualms recommending them to anyone... looking to invest. The team is professional, supportive and friendly and they helped me through the entire process. Thanks guysread more

Natalie Rachael

08:48 15 Aug 18

I had such a positive experience with Binnari Property. Being a first time investor, I was nervous and slightly... hesitant about the whole ordeal. But they really took the time to put my mind at ease, keeping me well informed and feeling confident about my decision moving forward. The team was so knowledgable, and made the entire situation stress-free. I would happily recommend the Binnari team to anyone.read more

Gail Mcewen

08:08 15 Aug 18

Binnari Property made the whole process of becoming a first time investor easy. They spend time to explain everything,... keep you informed and make the entire process stress free. The team is friendly, knowledgeable and professional. I would gladly recommend the Binnari team to anyone.read more

Katalina

23:13 25 Jul 18

I had a great experience with Binnari Property - being a first time investor, I was nervous about the process and had... no real knowledge about what to look for in a good investment property. The team took the time to explain their research process and were involved at each stage ensuring that the process itself, was smooth and stress-free. Their expertise, in-depth knowledge and professionalism is second to none and I would gladly recommend the Binnari team to anyone looking to invest into property.read more

Next Reviews

Property Purchased:

Property type:

Price:

Rent:

Results

Challenges and concerns

Working with Binnari

The Outcome

Hear from Elliot

Hear from Elliot

Hear from Elliot

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