Client Case Study

Off-market purchase

in Manly Vale

First home buyers wanting to enter the property market. In order to meet First Home Buyer Grant conditions, the property needed to be suitable for the young family to live in in the short term and then rent out to cover the majority of the loan repayments while they leased elsewhere for lifestyle reasons.

The Brief

Good sized 1-2 bedroom apartment with a large balcony / courtyard or shared garden. Must have solid potential for attracting quality tenants at an above average weekly rent.

The Result

After being introduced to Brady Marcs Buyers Advisory by their mortgage broker, we quickly established their buyer requirements and hit the ground running to explore the different options that would fit in with the budget. It was very important that the property was comfortable for the family to live in for six months but also had solid potential as an investment property thereafter. We looked at a variety of properties off market and on market in & around Manly. As a local resident on the Northern Beaches, the team were able to use their relationships with agents in the area to source a true off market property – a fully renovated, ground floor apartment with low strata levies and a proven rental history in Manly Vale. The apartment was secured for just over $60,000 less than a similar property in the same block that sold a couple of months later.