Samuel Hoy from our team, using his economics degree, worked closely with a local developer to do a feasibility study to see how the numbers stacked up.
Quickly realising there could be a return of over 9% and running a second inspection the developer agreed to purchase the property.
A 30 day renovation job (during due diligence, AMAZING!) had the property relisted and leased within the first week achieving a very high yield.
For additional information please contact Samuel Hoy on 0423 795 273