Andy, originally from Germany, reached out via our website and scheduled a 15-minute chat with our Acquisitions Team in early September 2023 to discuss his situation. As a solo investor, Andy had recently moved from Auckland, New Zealand to Australia and was keen to explore property investment opportunities; confident in his strong financial position.
Following the initial consultation, Andy visited our office in person a week later and decided to engage Propell to assist with investing in the Australian property market. Eager to move quickly, he tasked our Research and Acquisitions Teams with finding his first investment property. After thorough research, we identified an off-market, undervalued opportunity within the Brisbane LGA, 25 minutes from the Brisbane CBD. In late September, we secured he property for $726,500. After reviewing the data presented by Propell, Andy decided to proceed with the purchase.
Andy settled on the block on 30th October 2023, and construction commenced shortly thereafter, concluding on 8th May 2024. Recent valuations of properties in the same street have come in at $950,000, reflecting significant growth!
Impressed with the returns from his first investment, Andy decided in March 2024 that he was ready to pursue another property. Our Research Team identified another promising opportunity in the South-East Queensland (SEQ) region for $690,900, with comparable sales at $750,000, providing Andy with instant equity of $60,000 before even settling on the land!
In addition to these two high performing properties, Andy is now working with us to secure his third investment property.
