Our client is a high-income professional working in IT. When he saw us in early 2020, he had owned a unit in a high-density building in inner city Melbourne.
We purchased an investment-grade house in Brisbane in May 2020 for him, and at the start of this year, our agent assisted the client to sell the Melbourne unit due to improving market sentiment.
Purchase price: $651,000 (May 2020)
Value: $960,000 (October 2022) à 16.8% annual growth per year