Shaikey

Our client Shaikey is a family man with two teenage children and a successful career that has taken him around the world. Although he had some experience in property investment, he knew that his next move had to be a carefully considered one.

In August 2020, Shaikey made his first purchase of a property in NSW for $300k that had the potential for a granny flat to be added in the future to increase its cashflow. The property had a rental income of $350 per week. In Sept 2023, a formal bank valuation of $544,000 was received with the rent increased to $450 per week. An amazing 81% increase in 3 years.

Encouraged by the success of his first investment, later in 2020, Shaikey decided to diversify his portfolio and we helped him buy a low-maintenance, three-bedroom brick house in QLD for $310k, which immediately began to earn rental income of $360 per week. This property is now valued at $510k with rent increased to $460pw.

Within 18 months since his initial investment, Shaikey acquired two properties amounting to $610k, which have now appreciated to a value of $1.054 million. We assisted Shaikey in increasing his net worth by $444,000, with the added benefit that the properties are generating a yield of over 6% and are not incurring any costs.