First-Home Buyer
Dee Why, NSW
1 June 2023
1 Bed
|
1 Bath
|
1 Car
In January of 2023, as a 21-year-old first home buyer, L.R. told me he intended to buy a one-bedroom unit in Dee Why to be later used as an investment property and asked for my advice.
SECURED BY
Phil Newton
Buyers Agent
The Process
After conducting comprehensive research focused on data and detailed advice from local professionals, I advised L.R. that buying now would mean his asset would lose value immediately, as this was a temporarily declining market, creating a position of negative equity.
I then monitored the local Northern Beaches market, focused on specific data points that are incredibly accurate predictors of property price growth, and we purchased a one-bedroom unit in June of that year, with optimal rental yield and at least $20,000 under actual market value.
The buyers bonus for L.R. was the ability to buy at the beginning of the capital growth phase in that market, gifting him value growth from day one.
The Results
Congratulations to L.R. for trusting the Your Property Insider INSIGHT method, which saved him $60,000 by waiting six months before purchasing at optimal rental yield and capital growth rate and is now over $65,000 in profit. L.R.’s future now looks bright, with plans to build a portfolio of investment properties for passive wealth creation.