Client SMSF Deal – Capital growth – Low Budget Duplex purchase
About The Client
- Young couple with very low combined super savings of $200K. Set up an SMSF to invest in property for capital growth.
- Strategy: Capital growth and positive cash flow and massive depreciation in a growth area. Top 10 Terry Ryder growth areas for the next 10 years.
- Location: NSW-
5 minutes drive to a new hospital.
30 minutes to New Castle and the airport.
One and a half hour drive to Sydney
Let’s talk numbers-
- Asking price: $430K
- Negotiated price: $420K
- Client saved: $10K
- 70% LVR
- Rental per week: $475
- Vacancy rate: 1.8%
- Current value after 1 year: $475K
- Capital growth: $55K or 13%- Amazing results.
Asking price: $430K
Negotiated price: $420K
Client saved: $10K
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