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.

About Michael Yardney
Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media.