Interstate Investors: Mum & Dad Rentvestors Build Wealth
My clients, a wonderful young family living in a major city, were struggling to break into the local property market due to high prices. We explored the alternative option of “rentvesting”—purchasing a property in a high-growth, high-yield area to build wealth while they continued to rent. This opened doors for them, allowing them to enter the property market with an investment geared for growth and solid returns. Here’s how we made it happen:
Client Requirements:
- Minimum: 3 Bed, 1 Bath
- Low Maintenance
- Yield > 5.5%
- Budget: $300,000 – $450,000
The Property I Secured in 2 Weeks:
- Specs: 3 Bed, 1 Bath, 664m² Block
- Purchase Price: $322,700
- Yield: Over 5.6%
- Projected 1st Year Growth: 11%
This property is perfect for their goals, featuring a modernized kitchen with stone benchtops, electric cooking, and ample storage. The 664m² lot offers side access to a securely fenced, low-maintenance backyard, ideal for the whole family, with the added bonus of a large shed and an impressive cubby house for the kids.
Additional Highlights:
- Recently updated hot water system
- New electrical meter box
- Fresh paint, carpets, and flooring throughout
This property not only meets their financial goals but also offers long-term value in a high-growth location—a perfect first step in their investment journey.
