Our client came to us to grow their wealth and had one existing property in a secondary location.
They only had a small borrowing capacity for another purchase, and by selling this property they were able to afford a property in an A Grade, a blue-chip suburb in Brisbane. They purchased a house for $743,000 prior to COVID.
A recent valuation came back to $1.05mil, a 41% gain, allowing them to redraw some of that equity to purchase another investment-grade property.
