Just a green circle
Residential

Upsizing in Melbourne

Purchase Price

$600,000

Current Value

$850,000

Location

Melbourne, VIC

Equity Gain

$250,000

Rental Yield

5.5% ( At the time of Purchase)

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Quick Property Description:

In 2021, a couple decided to upsize their living space by purchasing a spacious townhouse in Melbourne for $600,000. The property's value soared over the next two years, gaining $250,000 in equity. This impressive appreciation allowed them to sell their previous home and invest in additional properties. The townhouse also generated a rental yield of 5.5%, providing a steady income stream and contributing to their financial stability.

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