A family of three began their property investment journey by adopting a rentvesting strategy after being priced out of Sydney. In January 2024, they secured their first property in Kelmscott, WA, for $500,000, which has already appreciated to $625,000—an impressive 25% growth in under 8 months. With a rental yield of 6.14% and the potential to develop the 911 sqm land, this strategic move has set them on the path to building a fast-growing portfolio. Now, they’re already looking at acquiring their second and third properties, solidifying their future in property investment.
Prime Location:
Purchased at $500k, this 911 sqm and offers a promising yield of 6.14% with a rental income of $590 per week.
Accessibility to features: Walking distance to Train station, playground, school, park and shopping centre
The Growth Corridor:
High Demand: A demand-supply ratio of 57 indicates strong demand, with more buyers than available properties.
Quick Sales: Properties here spend 25 days on the market, down from 86 days previously.
Limited Supply: Stock on the market is less than 0.23%.
Rental Appeal: Renters comprise 34% of the population, with a vacancy rate under 0.12%.
Are you ready to achieve similar success in your property investment journey?
Let’s discuss how strategic planning and smart investment choices can help you build wealth and grow your portfolio. Whether you’re starting or expanding, our expertise can guide you toward your financial goals.
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Until the next success story, peace out!
