Sydney Low maintenance two bedroom apartment

Sydney Buy: Up to $1,000,000

Client

Sydney-based couple who are young professionals buying their first home which will then become an investment within 18 months.

Buying Brief

We were targeting a two-bedroom apartment on Sydney’s Lower North Shore, in a quiet location and with great access to the CBD.

This was an extremely competitive market that we were buying in. We still managed to secure this property for $31,000 less than a comparable unit sold in the same complex two weeks prior.

The Numbers

Cammeray
Median Unit Price = $1,010,000
Historical Growth Rate = 7.40%
Vacancy Rate = 2.34%
Distance to CBD = 5 km

The stats

Property Type: Two bedroom, one bathroom apartment with parking

Purchase price: $955,000

Purchase date: 2017-04-01

Comparatives: $986,000 (within 2 weeks)

Land size: 81 sqm

Rental yield: 3.8% ($700 per week)

The Result

Despite a very tight Sydney market, we secured a two bedroom unit $31,000 below an identical apartment that has sold two weeks prior. For their first investment in Australia, these clients could not be happier with the result.

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