Niels and Laura, QLD

Property Purchased:

Sunshine Coast, QLD

Property type:

Apartment

Price:

$595,000

Rent:

$560 pw
(a 4.9% yield)

Niels and Laura – 28, Maroochydore, QLD

  • First home buyers looking to build long term wealth
  • Expats from the Netherlands who wanted to invest in property, however, didn’t know where to start
  • Was referred to Binnari Property by Youi

Results

  • The property can be rented at $560 per week which would leave Niels and Laura with a cash flow positive investment
  • Maroochydore’s median apartment price has increased 25% ($100,000) since their purchase

Challenges and concerns

Niels and Laura were quite hesitant to go ahead with purchasing an investment property and being first home buyers and expats who didn’t know the area, they wanted genuine expert property investment advice. Before reaching out to Binnari, Niels and Laura undertook research themselves and were in contact with another property investment company, however, they believed the advice wasn’t in their best interest. So, they reached out to Binnari.

“We decided to go ahead with Binnari as we were referred by someone we really trust along with my gut feeling that Binnari genuinely wants the client to succeed and they are not just here to make a profit”.

How We Helped

The Strategy

Niels and Laura initially planned on purchasing a home to live in with intentions to rent out a room to assist with the mortgage repayments. However, based on their budget and given that they weren’t planning to live in the property forever, Binnari suggested investing in a location where growth prospects were stronger.

“We’d never really thought of this as an option. Dave explained that Sydney and Melbourne residents were starting to see value in QLD, so interstate migration was increasing rapidly. We’d also be able to afford a much better property for the same price or less with a better rental return. It made complete sense based on our budget. It’s hard to determine when you are getting the right advice, however, Binnari presented a really logical scenario with lots of evidence and research that I could see playing out and my intuition told me to go ahead with it. I really trusted Binnari’s in depth research”.

Working with Binnari

“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”.

The Outcome

Niels and Laura purchased a two bedroom apartment in Maroochydore, QLD. The development offered a high level of amenity and with some really premium apartments attracted a high proportion of owner occupier purchasers. Prior to completion, Neils and Laura decided to move into the property and have been living there for about 12 months. They plan to move overseas to travel and work, while using AirBnb as a revenue stream to cover the mortgage, any extra costs, and also providing extra support while they travel.

Find out how we can help you

Hear from Niels

“What surprised me about working with Binnari was that although they are here to make a profit, the Binnari team genuinely wants to do the right thing by the client. I always try to do that for my clients so it was recognisable for me while working with Binnari.”

Hear from Niels

“I’ve put out Binnari’s name to many friends and colleagues due to our great experience with them. We will 100% invest with Binnari Property again.”

Read more Binnari
Success Stories

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.

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.

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.

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

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