Two Townhouses to Hold

David is a long-time client who took our advice shortly after COVID hit – the market will rebound quickly, it’s time to buy from motivated and fearful vendors. We bought him 2 ripper investments within 6 weeks and he’s seen them rise considerably in value since.

This property is within an area that we rate for capital appreciation AND for development profits. It made perfect sense for him given his intentions to eventually develop for long-term retention. The vendors were originally seeking $1.30m+ and knocked back an offer just under that amount before COVID craziness ensued. It languished on the market and we negotiated hard for a bargain price of $1.025m.

David appointed us to project manage the planning and design process with our preferred consultants. He and his wife were involved in all major decisions, and we landed really attractive plans that will appeal to young professional renters once they ultimately decide to build.

He had some kind words about us: “A few years ago I wanted to purchase a townhouse development site, it was something I always wanted do. I had experience in buy & hold property investing however I had never done a small development before so I researched several companies and found Property Analytics. Andrew has been great to deal with – he is honest, professional and reliable. I have gladly recommended him to family and friends.”