Investor Expatriates in Toowoong
L ouise and Kip were expats based in Singapore who had other investment properties managed by Property Pursuit. With their son attending university in Brisbane, they decided to purchase an investment unit that their son would live in while attending university.
They had a budget of $350,000 and were looking for a 2 bedroom, 1 bathroom unit with car space and enclosed courtyard. Ideally, it would be a ground floor unit to allow for a dog and be within walking distance to public transport. Location wise they wanted to invest in Toowong, Taringa or Indooroopilly.
We were able to find a unit in Toowong that fitted the brief well with 2 bedrooms plus a study, a neat kitchen and bathroom, spacious living area and lock-up garage. It was a ground floor unit that had an enclosed courtyard and was within walking distance to cafes, parks and public transport. The market appraisal was $350-355,000, and the property was listed at offers between $340-380,000. We negotiated the price to $350,000 and were also able to secure pet approval for the dog.