Nicola Deakin and partner Charlie O’Connor decided some time ago that they wanted to purchase an investment property via their Self Managed Superannuation Fund (“SMSF”). As Nicola said, “Shares have been so volatile lately that we want something solid to fall back on in our retirement”.
With only one previous experience of owning an investment property and cautious about the pitfalls of buying real estate again, they realised that they needed some specialist property advice. They were also concerned about whether their budget of $450,000 would be sufficient for something suitable and had no idea about which suburbs to consider. Finally, they realised that with their hectic schedules, they had very little time to traipse around properties and do all the research.
They turned to Nick Viner and were immediately impressed with his no nonsense approach. Once the arrangements for their SMSF had been established, they immediately engaged Nick to find and negotiate the purchase of a suitable investment property.
Within a week, Nick found a property that was being sold off market in a unit block in Dulwich Hill.
“A recent client purchased in the same block earlier in the year so I knew that there would be no problems with the strata report” said Mr Viner.
“We like the block because it is a short walk to the train station which will benefit from the Light Rail extension and it is very well maintained. The unit itself ticks all the boxes because it is light, has an open plan kitchen and there is a balcony in addition to a lock up garage” said Ms Deakin.
“I knew that the vendor was hoping for at least around $450,000” explained Mr Viner. “However, the agent also indicated at one point that the vendor was keen to sell off market to avoid the advertising and marketing costs. Off market properties can be a great way to get a good deal and I sensed an opportunity with this one. With Nicola and Charlie’s authority, I negotiated the best price and secured the purchase at just $430,000.”
“We were absolutely delighted” said Ms Deakin and Mr O’Connor. “The process was so smooth and efficient and Nick kept us informed all along the way. Nick saved us huge amounts of time and money. Now we have a great investment property that is already rented out and taking care of itself. We are looking forward to engaging Nick to find the next one!”