I have always prided myself on being extremely discerning when selecting an investment property for my clients.
The property has to meet strict criteria before I would recommend a purchase. The difference in capital growth between a good choice and the optimum choice can be hundreds of thousands of dollars in the medium to long term.
There have been four resales of properties I have selected on behalf of investor clients. The capital growth was substantial in a relatively short period of time.
The following are the results:
|Date of Purchase||Buying Price||Date Sold||Selling Price||Time Held||Gross Profit|
|26-4-2008||$452,000||14-11-2009||$535,000||1 year 7 months||$83,000|
|9-3-2007||$435,000||14-11-2009||$593,000||2 years 8 months||$158,000|
|10-7-2007||$320,000||15-1-2010||$410,000||2 years 6 months||$90,000|
|12-5-2006||$347,000||22-3-2014||$565,000||7 years 10 months||$218,000|