Sunshine Coast, QLD
(a 4.8% yield)
Louise – 46, Northern Beaches, NSW
- Wanted to pay off her mortgage and semi retire in next 10 years
- Knew she wanted to invest in property, but unsure where to invest
- Was introduced to Binnari by her financial planner
- Rented within one week of settlement
- Increased in value by $120 000 within the first 12 months
- Cashflow positive by $50 per week
Challenges and concerns
Part way through Louise’s investment journey, the COVID-19 pandemic hit. Concerned by media reports that a property crash was looming, Louise almost decided not to proceed with her purchase. She turned to Binnari Property for honest and clear-headed advice – see below her story.
“Binnari Property’s predictions about the property market proved to be spot on. They predicted that the government would intervene in some way to provide income support and ensure the property market and construction industry didn’t decline. They anticipated that the banks would provide mortgage holidays. They knew that there would be less housing supply on the market as some sellers lost confidence which would make up for any short-term fall in demand. All of these things came to fruition.”
Binnari negotiated a longer cooling off period and a 12 month rental guarantee with the developer to eliminate Louise’s fears about finding a tenant.
Louise originally planned on investing in Sydney where she lives, however she was unsure if this was the right move or even achievable at all.
Working with Binnari
“Not only did the price point in Sydney not provide me with many realistic options, Binnari showed me that the income and capital growth prospects were probably greater in other parts of the country in the medium term. The team explained how housing cycles work and that Sydney was nearing the top of its market cycle whereas South-East Queensland was on the cusp of its growth cycle.”
“The Binnari team explained their research process that compared the different property markets and how areas with a high concentration investors don’t tend to experience the same capital growth as areas dominated by owner-occupiers.
“We narrowed it down to two properties in Queensland which were within my borrowing range and both areas had very low vacancies. With expected capital growth the investments would essentially pay for themselves within two years and be cash flow positive.”
Louise purchased a brand new three bedroom townhouse in a boutique block of eight townhouses. The project was sold to 6 local owners, with just two investor purchases. It’s location just 150 metres from the beach was a key attribute to it’s desirability.
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“The team advised me on what steps to take to coordinate settlement and secure a tenant including conducting a pre-settlement inspection a month before the property went to market and organising an independent inspection for defects. They were able to recommend credible contractors, a real estate agent and solicitor. It made the process much easier.”
Hear from Louise
“Binnari understood the market, had good relationships with developers and unlike other so-called experts actually did their research and took the time to educate me on what to expect. I really liked their rational, research-based and honest approach in helping me make the right decision. They also were great at answering all my questions.”
Hear from Louise
“I’m so glad I took Binnari Property’s advice to go ahead with the investment. The results speak for themselves and now I’m in a much stronger financial position than I was 12 months ago.”
Hear from Louise
“I’ve recommended Binnari Property to my sister, boss, friend and neighbour – and I don’t make recommendations lightly! I would absolutely work with Binnari Property again.”
Read more Binnari
Peter moved to Australia from Canada in 2017 where he had previously bought and sold two properties. He works for the Australian Defence Force and wanted to get his savings into the market but didn’t know how.
Chris and Carly wanted to build wealth for their family and considered property investment before, but didn’t think it was achievable.
Michael is an accountant and has been a referral partner to Binnari for several years. He was looking to expand his investment portfolio with a property outside of Sydney.
Speak to our team today
One of our property experts will contact you to discuss the following:
- Get to know your investment objectives
- Take you through Binnari’s unique investment approach
- Preview specific properties that match your investment strategy
We look forward to hearing from you – please enter your details below and we’ll be in touch shortly!