Client Profile
- Location: St Leonards, Sydney
- Buyer Type: Expat investors
- Goal: Purchase a modern, long-term investment property close to the new Metro line and local amenities, with potential for family use in the future
Situation
Our clients were looking for a modern 2-bedroom apartment that would serve as a secure long-term investment while also providing a potential living space for their daughter. Their key requirements included:
- Proximity to the new Metro line and local amenities for easy access and convenience
- A building with a clean history to ensure long-term value and investment potential
- Guidance on Sydney’s property market and strategic insights to navigate their first property purchase in Australia
With limited experience in the Sydney market, they engaged our services to handle inspections, provide ongoing market updates, and guide them through the due diligence and negotiation process.
Challenges
The search for a high-quality investment property in St Leonards presented specific challenges:
- Overseas Location: Based in Singapore, the clients needed comprehensive on-the-ground support and insights into the Sydney market.
- Competitive Price Point: Finding a suitable property within budget in St Leonards required careful filtering and selection.
- First-Time Investors in Sydney: Being new to the Sydney market, they relied on expert guidance to understand market dynamics, property valuation, and local regulations.
Our Approach
To meet the clients’ needs, we focused on property inspections, ongoing market updates, and a clear negotiation strategy.
- Extensive Search and Property Screening
We conducted a thorough search across the Lower North Shore, initially casting a wide net before narrowing the focus to buildings with strong reputations and clean histories. This filtered approach allowed us to focus on properties that met all criteria, reducing the risk of issues related to building quality or maintenance. - On-the-Ground Market Updates and Due Diligence
For each property inspected, we provided video and audio feedback and conducted due diligence, including checks on building history, strata conditions, and property valuation. Regular market updates kept the clients informed on local pricing trends and helped them make timely, well-informed decisions. - Strategic Timing for Purchase
Recognizing a unique opportunity to buy with less competition just before Australia Day, we advised the clients to act swiftly. With most buyers returning to the market post-holiday, this timing enabled us to secure the property at a favourable price ahead of increased competition in February.
Outcome: Securing a Prime Investment Property with Strong Growth Potential
After an eight-week search, we successfully secured a 2-bedroom apartment in St Leonards that met the clients’ specifications. The property’s proximity to the new Metro line and local amenities aligned with their long-term investment goals, while our timing strategy helped them purchase the property at a competitive price.
Key Benefits to the Client
- Comprehensive On-the-Ground Support: Provided thorough property inspections, due diligence, and feedback to guide decision-making remotely.
- Strategic Market Insights: Shared timely market updates, helping the clients capitalize on a pre-holiday purchase opportunity.
- Efficient and Stress-Free Process: Managed all aspects of the transaction, ensuring a smooth purchase experience for the clients as first-time investors in Sydney.
