The sparkie who wanted out of the bank
The client. Self-employed electrician, early 30s. Solid income, savings going nowhere in a term deposit.
The brief. First investment property. Capital growth first, but it had to hold itself without eating his cashflow.
The find. A three bedroom house in a suburb the data flagged early. Vacancy under 1%, days on market falling six months straight, real money committed to infrastructure nearby. The asking price? Soft. The comparables proved it.
The result. Tenanted within two weeks of settlement. Revalued 18 months later with enough new equity to start hunting for number two.