Success Stories

Yeronga

4.5km South of CBD

Purchased for $434,000 in June 2009

Client Brief: Overseas investors with a budget of $450,000 looking for a modern villa or townhouse with good access to transport, ability to depreciate, and high rent return.

Our Success: RedRoof located this property in the first week of searching, identifying immediately that it was priced to sell quickly. We were the first party to inspect the property and promptly negotiated the purchase before other buyers could act.

Property Description: Near new freestanding townhouse with 3 bedrooms, 2 bathrooms, private treed courtyard, ducted air-conditioning, and remote-controlled garage. Located just a two minute walk to the train and Yeronga Park. Property is achieving a 5.51% gross rental return!

Kelvin Grove

5km North of CBD

Purchased for $590,000 in May 2009

Client Brief: Qld investors based outside Brisbane with a budget of $800,000 looking for a house in Kelvin Grove or Herston for their children to live in initially, that had good capital growth potential, and ability to add value to.

Our Success: RedRoof secured a property well below our client’s budget that was $30,000 below the median house price in the suburb, with a high land value content being 65% of purchase price. The property is expected to achieve 4.9% gross rent return.

Property Description: Solid, well maintained Post-war house on 455sqm land, with three bedrooms + one bathroom upstairs, and granny flat below with an additional bathroom and its own kitchenette. Easy walk to university campus and a major hospital.

Wellington Point

21km South-East of CBD

Purchased for $478,300 in April 2009

Client Brief: Young couple recently relocated from interstate, with a budget of $480,000, looking for a spacious low-maintenance home with room for a pool, in a Bayside family location.

Our Success: RedRoof used negotiation strategies to purchase this property for $35,000 less than the original asking price, and then negotiated a further $1,700 off the contract price, after the Building and Pest inspection. We found this property in the 4th week of searching; it was the 1st property negotiated on.

Property Description: Modern low-set brick & tile home on 720sqm land, with 4 bedrooms, 2 bathrooms, multiple living areas, air-conditioning, large outdoor entertaining area with built-in BBQ, double lock-up garage, and ample room for a pool.

Camp Hill

7km South-East of CBD

Purchased for $918,000 in February 2009

Client Brief: Local owner-occupiers with a budget of $1M, looking to move up to a new executive home, elevated with views, within 8kms of the CBD.

Our Success: RedRoof used negotiation strategies to purchase this property for 10% below original asking price. We found this property in the 1st week of searching through our relationship with the selling agent; it was the 1st property negotiated on.

Property Description: Near-new two-storey contemporary home on 405sqm land, with 4 bedrooms, 2.5 bathrooms, 4 living areas and 4 entertaining areas. Elevated with urban views from the front and rear, and many extras including pool table, bar fridge and LCD television.

Grange

5km North of CBD

Purchased for $990,000 in February 2009

Client Brief: Young family, recently returned from overseas, with a budget of $1M. Looking for a fully-renovated, two level home with 4 bedrooms, in the Wilston State School catchment area.

Our Success: RedRoof bid at auction on this property for our client. Over a gruelling 45 minutes we negotiated to reduce the vendor’s reserve, and used strategies to beat another keen bidder to secure the property for $210,000 below reserve.

Property Description: Fully renovated 4 bedroom Queenslander on 607sqm land, raised & built-in underneath with contemporary styling, living areas on both levels, ducted air-conditioning, double lock-up garage, and in-ground pool.