How We Helped Hannah and Nathan Purchase Their First Investment Property and Save Over $10,000
Hannah and Nathan, two young professionals living in Newcastle, were eager to put their financial plan into practice by buying their first investment property. With busy schedules and limited knowledge about property investment, they realized they needed expert guidance to make the right choice. That's when they reached out to Chamberlain Brown.
The Hurdles
Hannah and Nathan were constrained by a few factors in going it alone:
Time Constraints: As professionals and shift workers, they had demanding schedules that left them with little time to research and source investment properties and build an appropriate strategy.
Missed Opportunities: Good investment properties in Newcastle were being purchased quickly, often selling before they hit the market, leaving them feeling frustrated and disadvantaged.
Inexperience: They lacked the confidence to develop a strategic investment plan on their own, and were unsure how to evaluate or value potential properties.
The Process
To address these challenges, we followed a carefully tailored process:
We sat down with Hannah and Nathan to understand their investment goals and preferences, as well as walked them through the key drivers of rental returns and capital growth in Newcastle. Drawing upon our local market knowledge, we helped build a property brief and identified property types that will help them achieve their goals in the fastest time possible.
Next, we leveraged our industry connections and unearthed several off-market investment opportunities, giving Hannah and Nathan a competitive edge. When we found a property that met the brief, we inspected on their behalf, providing video and commentary on the pro’s & con’s of each.
Our team then conducted thorough due diligence checks to ensure that there would be no unexpected financial burdens associated with their chosen property. This included assessing the insurance risks in purchasing in Newcastle.
Lastly, backed with extensive market research and due diligence findings we developed a negotiation strategy to implement on their behalf. As a result, we were able to secure the property at an incredibly favourable price.
The Result
In just over a month, Hannah and Nathan achieved their goal of becoming property investors with our help.
They not only acquired a fantastic investment property but also saved over $10,000 on the final purchase price, thanks to our due diligence checklist and negotiation skills.
Chamberlain Brown is passionate about helping individuals like Hannah and Nathan build their property investment portfolio whilst saving them the time, money, and unnecessary stress. Let us guide you on your investment journey no matter whether you’re a first time or seasoned investor.
If you're looking for some advice on the Newcastle market, you can find us on Instagram @chamberlainbrownproperty or enquire here.