Building Wealth Around The World
Adrian Amaladoss & Nicoleen Simon
Business Professionals | Singapore | 30s
Some years ago my wife and I decided we needed to be proactive about our future and take a path that would create a financially secure future for when we retire. We decided to use property investment as the tool for working towards this goal, as it seems a strategy which has created a lot of wealth for many people.
We already had a few properties in Asia and wanted to branch out into other markets that were growing at a fast rate.
A friend found an article about buyer’s agents in Australia which seemed perfect for us, as they would be able to do everything for us and because we had no knowledge of the market at all.
We contacted a couple of buyer’s advisers and Property Wizards stood out with their knowledge of the industry as well as the market.
We decided to come to Perth on a business holiday, having made the decision to invest in Perth. Not only was the market in Perth doing well, but it was quite close to Singapore. We made arrangements to meet with Property Wizards during our trip.
We had certain ideas in our mind about what we wanted and our strategy was to buy and hold. We wanted to buy property that had medium to long-term potential of around 5 -10 years.
Armed with knowledge gained from our meeting with Property Wizards’ we could refine our property plans. We realised that we would need to completely recalibrate our ideas for our investment property, as we wouldn’t be able to get what we wanted in the kind of areas we wanted with the budget we had at the time.
This is where the Property Wizards’ strategies saved us.
We were able to not only find a solution to our budget constraint, but it provided us with a whole new investment strategy, which has ever since formed the foundation of our personal property investment strategy ever since.
Based on our new knowledge and strategy, we decided on buying in a growing area where infrastructure was increasing to drive the 5-10 year growth we desired to achieve. Also to invest in a property with the potential for higher density zoning. This way we could create wealth not only through natural market growth, but through higher growth because of the potential to subdivide into two. In addition we had the option of subdividing it ourselves and creating two properties, resulting in us gaining another block of land for a very cheap price.
A perfect house came up which was on a really large block in a growing area and the block had the potential to be subdivided now, not wait for future changes in the future. All this was within our budget, which was fantastic. What is so great about my story, is how the Property Wizards systems looked after us.
Something came up during the due diligence checks. It turned out that the fence line for the property was not in the correct position, and the neighbours had been utilizing 90sqm of land that actually belonged to my property for the past 18 years and had no intention of giving it back. The listing agent wanted to ignore it and not address the problem, but we were protected by our Property Wizards purchase conditions.
In the end we were able to get compensation from the seller at settlement, for a portion of the total purchase price, which was great for us. We are still able to subdivide the land in the future which is a real bonus that made the deal even sweeter.
This has been a great experience for us. We learnt a great deal about property investing from Property Wizards and we now use their strategies as the cornerstone of all our future investing.
We will not look at buying a property now which does not have the potential to fast-track our capital growth. This is a great result for us as it will enable us to reach our financial goals faster as now we are even smarter investors than we were before meeting Property Wizards.
We can help you unlock the potential of the real estate market for your family through savvy property selection, negotiation on price and conditions, development expertise and the magic of robust research.
Regardless of market conditions, our research, local knowledge, and access to silent sales means we find the hidden gems that can outperform the market in capital growth and rental returns for long term wealth creation.
Importantly, we’re able to provide property investors and homebuyers with the same level of representation that property sellers have benefited from for years.
Your property portfolio is your path to financial freedom and the lifestyle you’ve been longing for.
Property Wizards takes away the stress of buying a property and saves you money at the same time. We can show you how, or you can sit back and let us do all the hard work for you.
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