Mark and Tania (names changed) were return clients of mine who had already tasted success through a previous property purchase in Western Australia. They had seen solid capital growth and healthy rental income, and they were ready for their next move.
But this time, they wanted to go bigger—both in terms of budget and the quality of asset. They had recently sold an underperforming apartment in Sydney, which had failed to deliver meaningful capital gains or strong yields over the years.
The decision to sell wasn’t taken lightly, but it gave them the opportunity to reposition their portfolio with greater purpose.
With an $800,000 budget and clear goals for long-term capital growth, Mark and Tania were looking to reinvest in a location with strong fundamentals: population growth, infrastructure investment, and lifestyle appeal.
While yield was still important to them, it came second to the opportunity for capital appreciation.
We began by mapping out growth corridors across Australia. South Australia and Queensland stood out due to their affordability, diverse economies, and ongoing investment in major projects.
After extensive research and discussions, they were drawn to the Sunshine Coast—a region that ticked all the boxes. It had strong interstate migration, booming tourism, upgraded health and education precincts, and a consistent track record of capital growth.
After searching in detail, we found a property in a tightly held suburb that was under market value. The asking price was $805,000, but comparable sales in the area suggested it was worth closer to $830,000.
Even better, the existing tenant was only paying $600 per week, while similar properties were fetching around $720. This meant the rent could be increased significantly after settlement.
During the due diligence phase, we uncovered a moisture issue behind the shower—often a red flag. However, the issue was minor and isolated. A plumber confirmed the source was deteriorated silicone behind the tap fittings.
The seller had the issue fixed, and we negotiated a further reduction in the price to account for future waterproofing works, bringing the final purchase price down to $802,500.
With the rent increased to $710 per week and the area continuing to attract strong demand, Mark and Tania now have an asset that’s not only positively geared but also projected to grow at over 10% per annum.
They’ve gained a stronger position in their portfolio, more equity to leverage for future purchases, and the confidence that comes from having a strategy that works.
For them, property isn’t just about numbers—it’s about choices. The choice to build a retirement plan on their own terms. The choice to travel more. And the choice to create a legacy of wealth for their family.
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