Knockdown/Rebuild Project

Address: 106 Kameruka Road Northbridge
Purchase Date: Oct 2020 – Off Market
Purchase Price: $3,300,000
Features: 3 bedroom / 2 bathroom / 2 lock up garage
Why we picked the property?

• Block 785sqm and 18sqm width
• 100 metres to local cafes, golf course and other amenities
• Potential water view
• Highly sought after suburb in the lower north shore
• Took advantage of seller circumstances to secure $200k under market value.

 Current Market Value: $3,500,000 – $3,700,000

Upsizer – New Home

Address: 2 Broadsword Place Castle Hill
Purchase Date: Sep 2020 – Auction
Purchase Price: $2,000,000
Features:  5 bedroom / 3 bathroom / 2 lock up garage

Why we picked the property?

• Block 970sqm 
• Closely located to Castle Towers and transport hubs
• Brand new home, with large proportions and a cinema room
• Secured at a highly competitive auction against 7 other interested parties

 Current Market Value: $2,000,000 – $2,100,000

Property Investor

Address: 6/22 Parkside Lane Westmead
Purchase Date: Aug 2013
Purchase Price: $425,000
Features: 2 bedroom / 1 bathroom / 1 lock up garage
Why we picked Westmead at the time?

• Good entry level into an investment property in Sydney
• 500 metres to Westmead Train Station – 1km walk to Parramatta CBD
• Largest Children’s hospital in Sydney
• Western Sydney University
• Property is backing onto a park, unit is north facing, low strata levies.
• Rented for $460 p/w for 2 years.
• So a 5.6% Yield on purchase
• Westmead has grown 27.71% in the past year (RP DATA Core Logic)

 Current Market Value: $575,000 -$600,000

 A young Professional home buyer.

We had a client who had been looking at a development for some time for a property to come up in. When a property finally came up for sale he hired us to do the auction bidding service as he had never been to an auction and didn’t know what to do and was very nervous about “stitched up by the agents”.

Understanding that we bid on properties on a weekly basis its was comforting to him that he could be there, stand back with no stress and view the proceedings with more objectivity. With an Oasis Skeen buyer agent on his side we started the auction low as that’s what we do at every auction and due to no other bidders, it was passed in at the very first bid $210,000 less than our clients limit.

Oasis Skeen buyer’s agents know when to bid, when not to bid, when to speed it up or slow it down. We listen for verbal clues of when our competition is nearing their limit and just as important we read their non-communication – their body language.

We are calm and confident throughout the auction process and best of all we keep our client updated with what is happening in real time at the auction.

Widow aged 70 years sold her home in Pennants Hills to move closer to her (daughter) and two young grand-children who live in Allambie Heights (Northern Beaches).

AREA Specialist
With being out of area – she had no idea where best to live, property worth and where best to downsize too – apart from needing easy access to her daughters house. And her daughter, also new to the area – had only recently moved so had little knowledge of area and had no understanding of best / ideal locations for her mum.

They began the search themselves – taking time on out Saturdays (busy with traffic, people at opens, dragging the kids with them – tantrums) and in general also having to negotiate around morning soccer and ballet…they managed as best they could, found a couple of properties locally, registered to bid at a few auctions only for the property to go well over the guide, by $100,000’s. Got very disillusioned, downhearted and such a juggle that the daughter soon got to thinking they needed help! Both to take mum out and take the stress off Saturday mornings and help in what the real worth of a home was, and ideally having access to the off markets and knowledge of how to best negotiate.

They finally bought mum her dream apartment, across from the beach in a small community with door to door transport – and all prior to auction!

A young family who had moved from South Africa – new to the area/northern beaches, had bought previously in London and both properties turned out to be bad investments due to the GFC and the state of the UK’s housing market – they sold what they could so they had a budget to buy an entry level home into the market. They hunted and bid on a handful of properties only to find they sold way over the guide expectations, missing out so much they decided they needed help.

Address: 1/46 Ison Street, Morningside, Brisbane
Purchase Price: $575k

We just bought this 5 year old town house in a good street in Morningside for $575k. Initially it came onto the market looking for a price round $630k –however, at this time of the year we often see ‘vendor fatigue’ set in which allows us to create a good deal. It has tenants in place who are paying $610pw –that’s a gross yield of 5.5% which is great for Brisbane.

Address: 4/6 Parry St, Bulimba, Brisbane
Purchase Price: $600k

These clients were relocating to Brisbane from Sydney so they wanted a property they could live in for 2/3 years (having first child in a few months) – then upsize and keep it as an investment property. They wanted to live close to the CBD in a blue chip suburb, but they did not want to do apartment living. We found them this older style, good condition town house in a great location. The vendors were hoping to achieve a price around $630k, but on learning that they had bought elsewhere and were “very motivated to sell”, we negotiated the price down to $600k.

Address: 8A Hogan Street, Keperra, Brisbane
Purchase Price: $621k

We bought this for a client looking to put an investment property into their Self Managed Super Fund. Keperra is a northern suburb of Brisbane, being a 27 minute train commute to the CBD. The client wanted to buy a house, but had a low budget of $640k. This house is on a ‘splitter block’ and so the builder was thus selling 2 similar houses at the same time. The house next door (which was smaller ) had sold for $635,500. For 8A they were looking for a price around $655k. After a tough negotiation we secured the property for $621k. The rental appraisal has come in around $600/625pw.

Address: 14 Raven Parade, Burleigh Waters
Purchase Price: $650k

• 3 bed, 2 bath, 2 parking
• 529 sqm
• Air con/sep. laundry

We bought this house for $650,000. (The vendor wanted $665,000 and had knocked back an offer of $660,000!) We managed to get it tenanted for one year at $640 pw. (5.1% gross yield.) The strategy here is to hold for at least one year in order to reduce capital gains tax, renovate and sell. Although this property is in good rentable condition, there is scope for improvement. We like the idea of turning the garage/laundry into a master bedroom/en suite and building a carport out over the driveway. There is also potential here to wall the front yard and drop in a pool. These types of improvements can push properties in this suburb into the $800k+ price bracket.

Address: 5/4 Rosewood Avenue, Broadbeach
Purchase Price: $430k

Secured this well renovated 2 bedroom, one bathroom, one parking for an investor for $409,000. It initially hit the market with the vendor looking for offers in excess of $430k. This is a well located apartment with a short stroll to beaches, shops and cafes. Although it is very well renovated as it is, there is potential to alter the very large internal laundry into a second bathroom + laundry down the track. Buyers agent Brisbane.

Address: 14 Ross St Northgate, Brisbane
Purchase Price: $850k

We bought this 12 year old home for a client’s SMSF – rental appraisal $750/760pw. It initially came onto the market looking for offers over $900k. It took a few months but eventually the vendor hit our $850 bid. Good value for a big house in an up-market suburb of Brisbane.