Client Profile
- Location: North Sydney
- Buyer Type: Expat investor
- Goal: Purchase a lock-up-and-leave investment property in a high-quality building for long-term growth in the Lower North Shore
Situation
Our client, an expat based in Dubai, sought a low-maintenance, high-quality investment property in the Lower North Shore. Key requirements included:
- Proximity to amenities such as transport links, especially the new Metro
- A secure, well-maintained building with a good reputation for long-term growth
- Comprehensive assistance with strata reports, property inspections, and local market insights to ensure a seamless process despite the client’s overseas location
After searching independently for over two years without success, she engaged our services to find and secure the right property.
Challenges
The search for an ideal investment property in North Sydney presented specific challenges:
- Limited Inventory in Desired Price Range: The client’s budget and requirements narrowed available options in this high-demand area.
- Time and Location Constraints: As a busy professional based overseas, the client needed a hands-off approach with a reliable local advisor.
- Detailed Due Diligence Needs: Ensuring the building’s quality, long-term growth potential, and strata condition required thorough local expertise.
Our Approach
To meet the client’s needs, we focused on targeted inspections, due diligence, and a strategic negotiation approach.
- Off-Market Access and Property Pre-Inspections
Leveraging our network, we explored off-market opportunities and conducted thorough inspections. Within a patient search, we identified a high-quality apartment in ‘The Skye’ building in North Sydney, a premium development known for its amenities and prime location. The apartment’s proximity to the new Metro, Harbour Foreshore, and building facilities (pool and gym) made it an ideal fit for a lock-up-and-leave investment. - Thorough Due Diligence and Strata Review
After inspecting the property, we completed comprehensive due diligence, including a detailed review of the strata report and building condition. This analysis confirmed the property’s high standards and potential for long-term growth, aligning with the client’s investment objectives. - Efficient Negotiation Securing Below Budget
By engaging with the agent strategically, we secured the property quickly, locking in an agreement by Wednesday after the Saturday inspection. The client’s budget was $1.2 million, and we successfully negotiated the final purchase price to $1.146 million, securing the property below budget and highlighting the value of our negotiation expertise.
Outcome: Securing a High-Quality Apartment in North Sydney Below Budget
After a targeted search, we successfully secured a two-bedroom apartment in ‘The Skye’ that exceeded the client’s expectations. With proximity to the Metro, premium building amenities, and a purchase price well below budget, the client acquired a property that perfectly aligned with her lock-up-and-leave investment strategy.
Key Benefits to the Client
- Exclusive Off-Market Access: Provided unique property options, ensuring high-quality choices that met the client’s investment needs.
- Comprehensive Due Diligence: Conducted thorough reviews of strata reports and building conditions, ensuring a solid investment.
- Efficient Negotiation Below Budget: Secured the property under budget, delivering strong value for the client’s investment.
