$225,000 over the reserve price!
Published on 29/11/2016
4 Farnham Street in Flemington SOLD for $1,115,000 on the weekend which was $225,000 over the reserve price!
Sourced and purchased for the clients by Melissa Opie as their Buyers Agent in August 2012 for $718,000 and sold on the weekend as their Vendors Advocate for $1,115,000 which represents a 55% increase since being purchased. This amounts to 13.8% increase per annum!
Melissa says “Investing in real estate should be all about capital growth and attracting quality tenants in order to maximise rental returns during ownership Therefore choosing a property that is more likely to increase in value is one of the most important decisions a buyer will make. I have seen many buyers set their financial circumstances back by purchasing under-performing assets without professional advice that has set them back financially for years if not a lifetime.