Buy Perth property from Victoria

Interstate property investment

Living in Victoria and buying property in Perth WA

Hi guys it’s Simon and Heath from You&Me Personalised Property Services.

We wanted to share another client success story.

This was Heath’s win this time. I love this story because it really epitomizes the trust that our clients place in us, as Perth buyer’s agents. And it’s something that we value so highly, and we respect so much. Heath, these clients over in Victoria, tell everyone out there how you made it happen.

Victoria property investors

Yes, Chris, what a legend! Essentially, he comes to us. We head out our normal brief and our normal discovery meeting, and he’s raring to go.

The brief: the principal interest mortgage is paid by the rent

The brief was basically that the principal interest mortgage was paid by the rent.

And other than that, it was free rent?

Yeah, it’s pretty much free rent, and that’s because he trusted us. He knew we would get the job done.

It started with a discovery meeting

I spoke to him for a couple of hours on our discovery meeting. We talked to them with constant communication.

So, you know, in any transaction, it doesn’t matter if you’re buying a lollipop or buying a car, you’ve got to have trust in who you’re buying from or what you’re buying.

So it was full, full disclosure, full trust, full communication.

Looking for coastal properties in Perth

Perth has great coastal suburbs

What we ended up doing is: we love our coastal suburbs. We think Perth is great for coastal suburbs. And what we ended up doing was went away, done some research, figured a few suburbs presented after scouring through 50, 70 properties. We found and presented three properties that fit the bill. And essentially we went to work.

Property in Port Kennedy

The asking price of that property, in the coastal suburb of Port Kennedy actually, was $470,000.

Port Kennedy is a nice coastal suburb located within the City of Rockingham.

Strong interest on the property?

Yes, good interest on the property. It was in a really good price range. Where your rental yield and your interest values is really good.

Negotiating the best price

So I was able to negotiate a deal on that at $454,000. So $16,000 under the asking price, which in a market is still moving in the north direction, it’s really good.

Chris was happy. Everyone was happy. I was happy. And we’ll get about somewhere between $525 and $550 a week rent.

Rental yield for this property

Good rental yield

So in terms of a rental yield that’s around 6%?

Yes, about 6% give or take.

(To find out more about rental yield and how to calculate rental yield, read this article).

And then in terms of the brief, I want something that the tenants are going to pay my mortgage. Does that fit the brief?

That definitely fits the brief! Yes, 100%.

About the property

Essentially this property is a mid 2000’s home with the following features:

• 4 bedroom
• 2 bathroom
• 188 square meters living area
• neat
• tidy
• good rental yield of 6%

Fantastic! Can’t ask too much better than that.

Property buyers trust our Perth buyers agent services

And then in terms of the trust and it’s just so rewarding to know that Chris basically had said, look, guys, I’ve spoken to a number of different people out there. You are clearly the best fit for us. We love your energy and we trust your advice. This is the money I’ve got. You tell me the suburbs and we’re going to go with it.

And he did exactly that. He’s had a massive win.

We couldn’t be happier for Chris and his family.

Thinking of buying a property in Perth WA?

And I guess, if you’re watching and you’d like to find out how we can do the exact same for you, all you need to do is get in contact with us, give us a call (08 6500 0655), let’s have a chat.

And as always, guys, until next time, happy investing.