Rentvestor | Balance Cashflow | $600k

The Client
Vanessa is a young first home buyer priced out of Randwick, so she adopted a rentvesting strategy - building wealth through more affordable growth corridors without compromising her lifestyle.

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Why They Appointed a Buyer's Agent
Vanessa didn't know how to pick the right locations or which markets would perform. Buying interstate, she was unsure how to run the process - what due diligence to do, how to inspect from a distance, and how to deal with agents. And she wanted more than a one-off purchase. She was after a professional to work with over time, building a plan and a team around her for the acquisitions still to come.

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The Outcome
Secured for $600,000 in the weeks after the May budget. With the right planning and a clear read on the market, Vanessa moved on a well-priced entry in a tightly held, growth-focused pocket - a considered purchase at a time when many buyers are hesitating.

• Purchase price: $600,000
• Low-maintenance on 229sqm, built 2009
• Suburb median: $750,000
• Owner-occupier: 73%
• Vacancy rate: 1.2%
• Stock on market: 0.9%
• Within ~500m of shops, secondary school and bus; 5km to Geelong CBD

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