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Weekly Update

June 30, 2017

Hey Luke, 

 

We have recently completed a project that I wanted to share with you, this client used nearly all of our services. 

  • Based on their brief (an investment property with good capital growth and high rental yield) we undertook macro to micro research of the Australian market

  • Recommend regions and suburbs 

  • Recommended, negotiated and purchased the property prior to the auction

  • As part of the settlement, we negotiated early access for our interior designer to create design boards (colour schemes, carpets, blinds, fixtures, and fittings) and for our trades to measure and quote

  • This meant our renovation team was ready to hit the ground running on the day our client took possession

  • We also worked with our recommended managing agent to open the property the following Saturday so we could start tenant viewings 

    • We provided the design mood boards so perspective tenants could visualise how the property would look post cosmetic renovation

    • We secured a tenant that weekend, receiving an additional $40/week in rent (as per our post renovation rental appraisal) 

  • We had a budget of just under 20K and two weeks to complete this nifty cosmetic renovation

    • The property needed to appeal to the rental demographic and produce an income as quickly as possible. 

Check out the before and after pics on our Pinterest page here

 

In regards to your project, when the paperwork is through I'll tee up a time for the call with the mortgage broker and I'll push them to get pre-approval as quickly as possible. Let me know if you have any questions on the POA paperwork? 

 

Thanks, Michael 

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