From Conveyancer to Investor: $580K Property Secured for High Growth & Yield
Investment Property in Raymond Terrace
When a licensed conveyancer I regularly work with approached me, their goal was clear - expand their investment portfolio without overextending financially. With a $600,000 budget and a rental yield requirement of $500 per week, they sought a property close enough to Sydney to manage themselves but with strong long-term growth prospects.
With these criteria in mind, I identified an exceptional opportunity in Raymond Terrace - a strategic market on the cusp of transformation.
The Property: Affordable, High-Yield, and Hassle-Free
Location: Raymond Terrace - strategically positioned near major infrastructure projects.
Property: 3-bedroom brick and tile home with long-term tenants in place.
Purchase Price: $582,000 (secured below market value).
Rental Income: $560 per week (exceeding the client’s requirements).
Long-term trends
Why Raymond Terrace?
Under Market Value Entry Point
Typical property prices in Raymond Terrace hover near $700,000, but this purchase allowed my client to enter the market for significantly less while achieving a higher-than-average yield.
Infrastructure Driving Growth
Sydney Connection: The ongoing motorway extension to Raymond Terrace will make it the last stop from Sydney by 2028, boosting accessibility and demand.
Newcastle Airport Expansion: With plans to go international in 2025, the airport will bring increased employment and tourism to the area.
Population Growth Above State Average
Raymond Terrace is set to outperform NSW’s average population growth, ensuring strong long-term demand for housing.
Growth Rate Cycle
The Process: Smart Strategies, Bigger Wins
I approached this purchase with precision and negotiation power:
Strategic Market Analysis: Identified Raymond Terrace as an underpriced market with growth catalysts.
Tenant-Occupied Advantage: Leveraged the existing tenancy to secure the property below market value, avoiding competition from owner-occupiers.
Future Growth Potential: Ensured the property aligns with long-term trends in infrastructure and demand.
Results That Exceed Expectations
This purchase not only met but exceeded the client’s goals:
High Rental Yield: At $560 per week, the property provides a solid cash flow while covering expenses.
Strategic Location: Positioned to benefit from upcoming infrastructure projects and population growth.
Below Market Value: Secured the property for $582,000, well under the area average of $700,000.
Client Testimonial:
“MacKenzie Buyers Agency made what seemed impossible not just achievable but seamless. Aaron’s insight into emerging markets secured a property we never imagined possible within our budget.”
Invest Smarter with MacKenzie Buyers Agency
Whether you’re a seasoned investor or just starting, we help you find properties that align with your financial goals. Contact MacKenzie Buyers Agency today and let us guide you to high-value opportunities like this one.
