Metro Adelaide Property Secures 5.8% Yield and 15.66% Growth in Hot Market

*PURCHASE OF THE WEEK* showcasing what our client achieved once we STRIKE even in this Hot Market!!

*The property acquired in Metro Adelaide $405k purchase price. 738 sqm land with an option to save the house at the front and build one at the back or drop the house and build three side-by-side houses.

*The rental on the property is $450 per week, making the rental yield sit at 5.8%.

*The house required $15k of TLC after which it is now valued at $480k.

*20 km from Adelaide CBD

*Walking distance to Lake, playground, primary and secondary school, parks, and two shopping centres

*5 mins drive to the train station

*Easy access to the city via direct access through 2 major roads which is 5 mins drive from the place.

*In the growth corridor 100%

My client (my family) is a young family with a hard-working husband and wife. They have an amazing financial discipline and save well. They started investing quite early in their life and followed the strategy of using disposal income to pay down debt as fast as possible. All of this would have worked well if the houses they purchased delivered the growth desired. While they have a lot of equity because of saving routines their previous purchases unfortunately did and didn’t get them the desired outcomes of bringing them closer to their financially independent retirements. Thus, we did debt recycling and put their refinanced equity to good use by purchasing an asset that not only provides cash flow but also a multiple exit strategy while giving them 15.66% growth or 78% cash on cash return in the first 6 months of their property acquisition. They are now ready to jump onto their property number two following their strategy to fast-track their passive income target and net wealth goals.

Now let’s try to understand why we think this is a growth corridor, let’s see some high-level data

*Demand-supply ratio of 60. That means demand is significantly higher than supply i.e. there are more people looking for properties than the available supply

*Days on the market under 49. Coming off from 86 days previously

*Stock on the market less than 0.47%

*Renters proportion 38%

*Vacancy rate under 0.18%

If you are a passionate property investor, then let’s chat property. Until the next purchase. Peace out!!