First Time Investor - Ericson
MEET THE TEAM
First Time Investor - Ericson
Meet Ericson, a Sydney-based first-time investor who was referred to us by a successful client. Eager to explore interstate opportunities, Ericson sought guidance to navigate the complexities of property investment. Despite initial skepticism from his parents about working with an agency, Ericson trusted One Central Property to help him make informed decisions and achieve his investment goals.
Strategic Market Entry
We identified Queensland as the ideal market for Ericson, securing land in a development’s first stage—a cost-effective entry point.
Smart Investment Timing
By securing the land and build price in March 2024, Ericson benefited from competitive rates and potential appreciation.
Significant Value Growth
The land’s value increased by $100K during the acquisition stage, positioning Ericson for substantial returns upon project completion.
Client Situation Before Purchase
Ericson, new to property investment, was unsure how to proceed with purchasing interstate and lacked connections in the market. His parents were hesitant about engaging with an agency, preferring a more hands-on approach. However, Ericson’s trust in our expertise led him to One Central Property for comprehensive support.
- We began by establishing Ericson's budget and investment criteria, identifying Queensland as a promising market.
- Our team secured a land parcel in the first stage of a new development for $358K, understanding that this stage offers the most affordable entry.
- We partnered with a wholesale builder to lock in a competitive build price of $319K with a 5% deposit, ensuring cost efficiency and future savings.
- By coordinating the land and build acquisitions simultaneously, we mitigated potential price increases and maximized Ericson's investment potential.
Results and Next Steps
Ericson’s total investment cost amounted to $678K, with the land alone appreciating by $100K since acquisition. Comparable properties in the area are currently selling for $800K, highlighting the strong potential for future gains. As the land is due to settle in Q1 2025, Ericson is well-positioned to benefit from continued market growth. We are excited to support Ericson as he navigates the next phases of his investment journey, leveraging this success to expand his portfolio further.