“I sold my property to help me have a year off work”
Karen Muddell | Fitness Professional | Sydney, NSW
My work keeps me busy but I understand how important it is to have access to opportunity when required and my story is about just that.
I have a few investments and one property was in Perth. I had been watching the market for some time, reviewing what was happening and looking for an area where I would buy. I decided that I would invest in the West Coast. The market hadn’t peaked like it had in Sydney so I knew I would be able to get a good property at a reasonable price and obtain good growth in the next few years.
Working in the corporate world in Sydney means there is one thing that I definitely can’t buy which is my time. I knew that I would have to work with someone if I was to buy a property in Perth. I didn’t have the time nor the funds to be flying back and forth and staying in hotels in order to make a successful purchase especially in a hot market. I contacted Property Wizards.
My budget was limited so Property Wizards and I decided on a unit. I bought a modernised one-bedroom unit in North Perth on Russell Street. The unit was super close to everything and walking distance to the city, plus it was a brilliant suburb for capital growth because of its location and lifestyle appeal. There were already tenants in the property so I didn’t have to worry about losing income while trying to locate new ones. I secured the unit at a great price.
I found myself in a personal situation where I wanted to take a year off work from the corporate world to set up business of my own as a fitness professional. In order to do this comfortably without any financial stress I decided to sell the property in North Perth. I sold the property for a third more and this has allowed me to live very comfortably since I left work.
Having the property grow and work so hard for me while I continued to live life would have been wonderful, however it would have been challenging to manage the investment costs on a monthly basis whilst trying to start up a business at the same time. Because of this I decided to pursue a different path in life I had options available to give me the freedom to do this.
I was able to sell my property in Perth and even though I had only owned it for a short time, I was still able to make a nice profit which has helped me to take time off work to establish my own business.
The success came from using Property Wizards systems to ensure that I brought a property with all the right money making factors.
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.