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 |
Property 1 | |||||
26-4-2008 | $452,000 | 14-11-2009 | $535,000 | 1 year 7 months | $83,000 |
Property 2 | |||||
9-3-2007 | $435,000 | 14-11-2009 | $593,000 | 2 years 8 months | $158,000 |
Property 3 | |||||
10-7-2007 | $320,000 | 15-1-2010 | $410,000 | 2 years 6 months | $90,000 |
Property 4 | |||||
12-5-2006 | $347,000 | 22-3-2014 | $565,000 | 7 years 10 months | $218,000 |