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Being novices to the daunting world of property investment, Nadia and I were looking for somebody who we could trust to provide quality advice and, just as important, professionals that we felt comfortable dealing with. Close friends whose opinions and judgement we highly respected introduced us to Uwe and Ulla. They had both dealt extensively with Property Friends and had purchased three (3) properties across Cairns and Townsville. After undertaking our own due diligence on a house and land package (Duplex – 2 Free Standing Dwellings) in Cairns, including a site visit, we made an informed decision to commence our wealth creation journey in September 2005. Two (2) years down the track:
Duplex (2*3 Bedroom, 1 Bathroom Dwellings)
Buy $376,000
Bank Valuation $495,000
Rented for $520.00 per week
Not bad $119,000 in 2 years and a rental return of 7.1%.

I have real estate agents ringing me wanting to know if we would consider selling either dwelling! No way!!! Having seen the success in Cairns, we looked to diversify our portfolio and built-in Townsville. In December 2006, we entered into another house and land package
4 Bedroom, 2Bathroom
Buy $289,000
Bank Valuation $335,000
Rented for $320.00 per week
Not bad $46,000 in less than a year and a rental return of 5.7%
Having witnessed the fruits of our labour over the past two (2) years we regret not starting earlier on our property investment journey (haven’t we all heard that saying!!) and that we had not engaged the services of the Property Friends Group much earlier. My wife and I would be happy to speak to anyone who is contemplating engaging the services of Property Friends. Thankyou Uwe and Ulla and we look forward to “backing up the lorry” and doing business with Property Friends very soon.

Peter & Nadia Knight
knightpj@optusnet.com.au

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Uwe Jacobs Property Strategist

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