First Time Investor - Christine
MEET THE TEAM
First Time Investor - Christine
Meet Christine, a first-time investor from Sydney’s eastern suburbs. With the high property prices in Sydney making it difficult to find an affordable investment, Christine reached out to One Central Property for guidance. Her goal was to secure an investment property that would offer immediate rental income and long-term growth potential.
Interstate Investment in a Growth Region
Christine successfully acquired her first investment property in South Maclean, Queensland, a region known for its promising development and growth opportunities.
Budget-Conscious Purchase
We negotiated a purchase price of $685K for a nearly new property, ensuring Christine stayed within her $700K budget.
Immediate Rental Returns
The property was quickly tenanted at $600 per week, providing Christine with immediate rental income and financial stability.
Client Situation Before Purchase
Christine, residing with her family in Sydney’s eastern suburbs, found the local property market unaffordable for her investment goals. As a first-time investor, she was exploring both new and established property options but leaned towards established properties to secure a tenant quickly and start generating income.
- We guided Christine through the decision-making process, helping her evaluate both new and established property options.
- Our team identified a suitable established property in South Maclean, Queensland, a region experiencing significant growth.
- We negotiated with the agent to secure the property at $685K, ensuring it met Christine's budgetary requirements.
- The property, a 4-bedroom, 2-bathroom house with a 2-car garage, was just two years old, offering significant depreciation benefits.
- We facilitated a seamless transition to tenancy, securing a rental agreement at $600 per week.
Results and Next Steps
Christine’s investment property was successfully acquired and settled in January 2025. With the property now generating consistent rental income, she plans to have it revalued in a few months. This strategic move will allow her to withdraw equity and pursue a second investment, further expanding her portfolio. We are excited to continue supporting Christine as she builds her investment portfolio and achieves her financial aspirations.