Last week we purchased 3/532 New South Head Road Double Bay for one of my old clients for $1,020,000. This is an art deco unit in a small block a stones throw from Double Bay shopping centre. It was a blank canvas that needs a total renovation and once finished should return my investor a healthy 4.5% yield. I just love these properties, no joke the carpet was shag pile when shag pile first came out, and now it's done the rounds and its back in.
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May 12, 2020Deposit Bonds...what are they?Most purchasers think that they need to provide a bank or personal cheque for the 10% deposit to secure a property.
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