Mum and Dad Investors: Building Generational Wealth Interstate
The Clients:
These interstate “Mum and Dad” investors were purchasing their first investment property with the goal of building generational wealth. I guided them through the entire process, which was quite different from purchasing in their home state, using my Comprehensive Full Service package.
Services Provided:
- Needs analysis & research
- Comprehensive property search
- Shortlist & due diligence
- Yield and growth analysis
- Negotiation & acquisition
- Arranged building & pest inspection and advised on outcomes
- Coordinated with solicitors and agents for a smooth transaction
- Assisted with settlement and secured a reliable property manager
- Pre-settlement inspections
Client Brief:
- Minimum: 4 Bed, 2 Bath, 2 Car
- Preference: Low-set brick home
- Location: 20-35 km from CBD
- Low maintenance property
- Target Yield: 4% – 5%
- Budget: $500,000 – $700,000
The Result (Secured in 17 Days):
| Property Details | Value |
|---|---|
| Purchase Price | $626,000 |
| Latest Valuation | $735,000 (17.4% growth in the first year) |
| Property Type | 4 Bed, 2 Bath, 2 Car |
| Yield | Over 5% |
| Land Size | 584m² |
Property Highlights:
Located in Crestmead, a rapidly growing area in South-East Queensland, this property is ideally positioned for both yield and capital growth, surrounded by key amenities and developments.
| Feature | Description |
|---|---|
| Master Bedroom | Walk-in robe and ensuite |
| Additional Bedrooms | Three spacious rooms with built-ins and ceiling fans |
| Living Spaces | Two separate living areas, including open-plan living and dining |
| Kitchen | Modern with stainless steel appliances |
| Laundry | Dedicated laundry area |
| Garage | Double-car garage with internal access |
| Outdoor Area | Low-maintenance yard with a spacious outdoor entertaining area |
| Land Size | 584m², fully fenced |
Outcome:
This low-set brick home perfectly matched the client’s criteria, offering strong yield and impressive capital growth potential in a desirable area. The investment has already shown significant appreciation, setting them on a solid path toward building generational wealth.
