Home Buyer - Case Study

Natalia was working full time and studying in the evenings to complete her Law degree. In her spare time, she was trying to obtain finance, locate a property, and deal with selling agents so that she could purchase her first home. She planned to use this home as a future platform to build a successful property portfolio.

Initially, Natalia attended a property and finance workshop held in conjunction with an infolio finance alliance partner. She learnt how to structure her finances and the best type of property to buy. Because it was her first property, Natalia felt that she wanted to be involved with the purchasing process of her first home. She decided to go it alone. However, Natalia soon found out that the task at hand was proving to be more difficult than she first expected. She was competing with a large number of first home buyers and properties were selling for well above the listed price.

Natalia changed her mind and chose to engage infolio. Within 4 weeks, she had purchased a large, first floor refurbished one-bedroom apartment. It had a lock-up garage and was located in the very popular suburb of St Kilda East. The property was purchased on the Friday before the listed auction date. Natalia paid approximately 5 – 10% below what we believe it would have sold for on the day of auction, based on other comparable properties that sold at auction on that day.