After a very successful first build with Property Friends (capital gain of $45k and $54 in our pocket every week), we were keen to move straight onto a second property.
During the purchase and building process we encountered numerous delays and challenges. Left to our own devices we would have struggled to sort things out and no doubt endured a lot of hassle and worry. However, in the face of adversity Property Friends came to the fore and shone with their ability to solve difficult situations that others would have found daunting. Their knowledge, expertise and experience have proven to be invaluable.
In a difficult market our property was rented in one week from handover at $10 more per week than we had expected, giving us a gross yield of 5.6%. We also had $43k in equity built in from day one. It really doesn’t get any better than that. It just proves that the meticulous selection that Property Friends make in location and scope of a project is simply spot on. It’s this advantage over the rest of the market that made all the difference in getting the property rented so quickly and at a great price.
We’ve already started on property number 3 and thanks to Property Friends we are heading towards our retirement goal at lightening speed.
A Astone & N van Zeggeren