24 Feb Property Purchase UPDATE | Morningside, Brisbane.

Yet another perfect example of buying the right property and buying it well!

The Story:

➡ We were fortunate to assist a local first homer buyer in purchasing this boutique and unique Morningside townhouse (off-market) in July 2023 for $560,000

➡ After deciding to upsize to a larger home, our client completed some minor cosmetic improvements (internal painting) and resold the property 18 months later for $792,000.

Result:

➡ Our client was able to capitalise on a $232,000 or 41.2% uplift in value in just 18 months. Broken down into monthly increments, this equates to a tax-free profit of $12,880 per month!