Sydney Banker Diversifies Interstate

Encouraged by family, this Sydney-based banker made his first interstate purchase. The property delivered strong early growth, reinforcing confidence and leading to a second acquisition within 12 months.

• 
  Purchase Month:
  May, 2024
• 
  Months Owned:
  20
• 
  Purchase Price:
  $675,000
• 
  Gross Rental Yield (%):
  6.39%
• 
  Current Bank Value:
  $911,000
• 
  Total Capital Growth:
  $236,000
• 
  Capital Growth Per Month:
  $11,238
• 
  Annualised Growth (%):
  19.98%
• 
  Capital Growth (%):
  34.96%
• 
  Configuration:
  4 Bedrooms / 2 Bathrooms / 2 Carspaces
• 
  Land Size (Sqm):
  513 sqm