Buy-Hold 6.6% Gross Yield Below Market Purchase

STORM, RAIN OR SHINE...Purchase #52 by Easy Buyer's Agent. Asking: $239,000, Purchased: $235,000 690+sqm property sitting on R15/25. Our client is an over-east Investor looking to add more into his portfolio. Read on.

Our client who is residing in New South Wales is looking for a buy-hold investment property.

When we spotted this property, we were immediately interested. It sits in a suburb with median price of $340,000 which has shown 13.3% growth over the past 12 months. Suburb vacancy rate is sitting at 0.5%. With asking price of $239,000 we knew this was an already excellent deal. We quickly organised viewing with the agent and immediately put our foot on the door before everybody else.

This property is already tenanted to a very long term tenant who has been there for more than 13 years and is keen to stay on. They have looked after the property well. Tenant has also agreed to increase rent to $300/week, making it 6.6% gross yield, which in this current market is definitely a rare find. 

With negotiated purchase price of $235,000, combined with a high suburb median price, we know there is so much potential value-add with this property.


Looking to buy property in WA? You know who to call. In this stressful market for property buyers, handball it all to us. We are in the business of finding a matching property for our client regardless how difficult it might be. Until the next purchase. Peace.