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 |
|
Property1 26-4-2008 |
$452,000 |
14-11-2009 |
$535,000 |
1 year 7 months |
$83,000 |
|
Property2 9-3-2007 |
$435,000 |
14-11-2009 |
$593,000 |
2 years 8 months |
$158,000 |
|
Property3 10-7-2007 |
$320,000 |
15-1-2010 |
$410,000 |
2 years 6 months |
$90,000 |
|
Property4 12-5-2006 |
$347,000 |
22-3-2014 |
$565,000 |
7 years 10 months |
$218,000 |
