Investor Services
Buying and maximising your property investments
At Doyle Spillane, we know that creating an investment portfolio can be both stressful and time consuming, so we want to make the entire process much more easy and pain free for our investors.
We have found that the main sticking points for most investors are selecting the right investment property and maximising their returns. So on this page we have provided information that will help you to build your portfolio, regardless of the market trends.
Helping you to find the right investment property
Finding the right investment property can be difficult at the best of times, so having someone on hand who can give you the benefit of their experience is priceless!
At Doyle Spillane our expert property consultants help you to decide whether a particular property is worth purchasing for your portfolio, regardless of whether it's on our books or with another agent or private seller.
We give you our professional opinion of the likely rent that can be achieved with a particular property and provide a written rental appraisal and a Rental Comparative Market Analysis that will not only help you to calculate your potential earnings, but can also be used if you need to arrange finance.
We will also inspect the property and advise you of any improvements that could maximise its rental return or make it more attractive to long term tenants. This information will allow you to make an informed decision when weighing up which property to purchase for your portfolio.
Renovation case study
Often our landlords can purchase a property that with a few improvements can massively increase their rental returns. Below is an example of a recent purchase by one of our landlords who increased their weekly rent by $120 and the value of the property by $165,000 with a simple renovation that only cost $55,000!
Our investors purchased a 2 bedroom apartment in Dee Why for $710,000, which at the time was leased for $530 per week. Their renovation budget was spent on a brand new kitchen, drop down ceiling with new LED downlights, a fresh coat of paint and new blinds throughout the apartment.
With a new sales estimate of $875,000 and rent set at $650 per week following the renovation, the $55,000 renovation budget was an extremely worthwhile investment for this landlord.
With these type of returns, it is definitely worthwhile considering renovating your investment properties, especially in the current market.
For more information on how Doyle Spillane can help maximise the returns on your investment property, call us on 02 9981 9400 or send us an email.
