Location
Eastern Suburbs, Woollahra
Type of Property
House / Terrace
Reason for purchase:
Long Term Investment
Cost of renovation: $300,000
The estimated increase in rent: $400 per week
Yield acheived on renovation spend 6.93% per annum
Client brief:
The clients were referred to us from their mortgage broker. They are ex-pats living in Dubai and were looking for an expert property manager to look after their property whilst they are living and working abroad. We assisted our clients with their renovation and secured tenants shortly after the renovation completed.