Low Maintenance with Strong Growth - $800k

Low Maintenance with Strong Growth - $800k

The Brief:

A low-maintenance, set-and-forget investment property with strong growth prospects.

Budget: $800k

Yield target: 4%

The Client:
Heidi & Tom Mitchell, both accountants and CFOs, were looking to scale their existing property portfolio. With an eye on generating passive income for retirement, they wanted a strategic approach to building wealth through property.

Why They Appointed a Buyer’s Agent:
With their demanding careers and some knowledge gaps around identifying high-growth locations, Heidi & Tom realised they needed expert help. They wanted to create a long-term plan, optimise their property search, and reduce the risk of making the wrong investment choices.

The Outcome:

  • Secured an off-market property in Melbourne's high-growth corridor for $800k
  • Ultra low maintenance
  • 3-bedroom brick & tile home, with built-ins in all rooms
  • Located in an area with 72% owner-occupiers and a 7.4% historical growth rate
  • Low stock on the market - just 0.6% - indicating strong demand and limited supply

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