David is a highly regarded barrister at the peak of his earnings. His accountant periodically advises him to purchase an investment property (we’ve purchased him multiple) for negative gearing purposes. He endorses our investment philosophy: purchase for capital appreciation with value-add potential down the track.
We brought him a few over the course of a month, and eventually recognised that he wants land and he doesn’t mind a ‘dump of a joint’.
This property had been on our radar for a while. They wanted close to $1m which was way too much, and it took COVID to scare the vendors into reality. We negotiated over the course of a couple weeks and ultimately paid just under market value.
David doesn’t have a mind towards developing now. He may never really. But, he appreciates the feasibility analyses we provide, and understands that properties with value-add potential tend to appreciate in value over time more than those without.
Whenever he pops into our Ivanhoe office, we know he’s looking for a block.
Affordable 10km of CBD; gentrifying; close to shops, transport, parklands
756m2 flat block, progressive zoning
Tired, original 2bed weatherboard
up to $0.950m
Private Sale, on market for 6+ months
House $0.665m | Unit $0.580m
4.7% p.a. over last 10 years
Widespread gentrification; pretty tree-lined street; close to shops and transport; expensive neighbouring suburbs
Good value at bottom of cycle; works for negative gear and capital growth objectives
4 adjoining 2-3bed townhouses with single drive, affordable build
Holding, yet to progress planning and design
$2.600m turnkey completion
$3.080m if commenced
$0.480m if commenced
48% if commenced
19% if commenced
4.5% if commenced
Harvey is a big earner, building a portfolio of negatively geared properties with value-add
Price : $1.850m
Location : Blue chip, affluent, close to hospitals, transport, shops and parks
Scope : 3 large, quality, detached houses
Profit : $0.900m
Return on Cash : 48%
Jim semi-retired from finance young and is building an impressive portfolio
Price : $0.950m
Location : Urban, gentrifying, with good transport and access to CBD
Scope : 4 attached street-facing townhouses
Profit : $0.475m
Return on Cash : 45%
Jack asked us to JV with him on a bigger site, and this made sense for us both.
Price : $2.125m
Location : Quiet, leafy, family-oriented with top schools and shops
Scope : 8 townhouse with dual access
Profit : $0.675m
Return on Cash : 58%