The client came to us already having a $4M portfolio with property exposures in ACT, Sydney, and Adelaide and wanted to take it to the next level.
We put together a property strategy based on their passive income goal of $100K in 15 years’ time. Based on the modelling that we undertake, we determined that they only need 2 more investment-grade properties.
The Brisbane house was purchased at the end of last year for $951K. This property is now conservatively valued at $1.12M. The Melbourne townhouse was purchased in April for $1.13M and is now comfortably achieving a gross yield of 3.2%.