{"id":2976,"date":"2016-05-29T10:16:05","date_gmt":"2016-05-29T00:16:05","guid":{"rendered":"http:\/\/www.catebakos.com.au\/?p=2976"},"modified":"2016-05-29T10:51:27","modified_gmt":"2016-05-29T00:51:27","slug":"off-market-buying-williamstown","status":"publish","type":"post","link":"https:\/\/www.catebakos.com.au\/staging\/off-market-buying-williamstown\/","title":{"rendered":"Off-Market Buying in Williamstown&#8230;"},"content":{"rendered":"<p class=\"lead\">Our most recent off-market purchase in beautiful Williamstown was one which was almost tailor made for our fantastic clients.Their search criteria for their investment property included a target purchase price around $600,000, a dated townhouse in a boutique block, and a property within easy walk to train station.<\/p>\n<blockquote><p>When the call came in about this 90&#8217;s era three bedroom townhouse in a group of just three, our inspections were quick to follow.<\/p><\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"254\" height=\"199\" class=\"size-full wp-image-2979 alignleft\" src=\"http:\/\/www.catebakos.com.au\/wp-content\/uploads\/2016\/05\/2_60-Florence-3.jpg\" alt=\"2_60 Florence 3\" \/>Wiillamstown is an interesting suburb. Arguably the prettiest suburb in the inner-west, this maritime township captures many hearts, particularly on weekends. A typical Sunday down on the strand is often characterised by picnics on the grass, fish and chips opened out, market stalls humming and bustling street-side cafes.<\/p>\n<p>The tenant demographic is slightly different in this patch; often a returning expat\u00a0or\u00a0worker on professional contract. While professional tenants are the likely tenant market, young professionals which typically target places like Brunswick or Kensington are less likely to choose Williamstown.<\/p>\n<p>Williamstown is tightly held and totally revered.<\/p>\n<blockquote><p>Those in Williamstown don&#8217;t just find themselves living here, they\u00a0<em>choose<\/em> to live in WIlliamstown.<\/p><\/blockquote>\n<p>Capital growth over the last 20 years for units in the area show a greater performance than 8%pa, and the last twelve months&#8217; of growth has also sat above 8%. Compounded with the age of the property, we felt our client&#8217;s opportunity to achieve a purchase with a high &#8220;<a href=\"http:\/\/www.smartpropertyinvestment.com.au\/opinion\/14821-the-most-common-property-investor-misconceptions\">Land to Asset Ratio<\/a>&#8221; in a great, steady-performing suburb made this off-market a winner.<\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2980 alignleft\" src=\"http:\/\/www.catebakos.com.au\/wp-content\/uploads\/2016\/05\/2_60-Florence-2-300x225.jpg\" alt=\"2_60 Florence 2\" width=\"264\" height=\"198\" srcset=\"https:\/\/www.catebakos.com.au\/staging\/wp-content\/uploads\/2016\/05\/2_60-Florence-2-300x225.jpg 300w, https:\/\/www.catebakos.com.au\/staging\/wp-content\/uploads\/2016\/05\/2_60-Florence-2.jpg 456w\" sizes=\"auto, (max-width: 264px) 100vw, 264px\" \/>\n<img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2981 alignleft\" src=\"http:\/\/www.catebakos.com.au\/wp-content\/uploads\/2016\/05\/2_60-Florence-300x225.jpg\" alt=\"2_60 Florence\" width=\"264\" height=\"198\" srcset=\"https:\/\/www.catebakos.com.au\/staging\/wp-content\/uploads\/2016\/05\/2_60-Florence-300x225.jpg 300w, https:\/\/www.catebakos.com.au\/staging\/wp-content\/uploads\/2016\/05\/2_60-Florence.jpg 456w\" sizes=\"auto, (max-width: 264px) 100vw, 264px\" \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>A long-winded series of negotiations ensured and our resultant price of $627,500 was agreed upon some two weeks&#8217; later. With a new tenancy at $440pw and a short settlement, our clients can look forward to investment property ownership in a blue chip location next month.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our most recent off-market purchase in beautiful Williamstown was one which was almost tailor made for our fantastic clients.Their search criteria for their investment property included a target purchase price around $600,000, a dated townhouse in a boutique block, and a property within easy walk to train station. When the call came in about this&#8230;  <a href=\"https:\/\/www.catebakos.com.au\/staging\/off-market-buying-williamstown\/\" class=\"more-link\" title=\"Read Off-Market Buying in Williamstown&#8230;\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2976","post","type-post","status-publish","format-standard","hentry","category-sundayblog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/2976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/comments?post=2976"}],"version-history":[{"count":7,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/2976\/revisions"}],"predecessor-version":[{"id":2986,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/2976\/revisions\/2986"}],"wp:attachment":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/media?parent=2976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/categories?post=2976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/tags?post=2976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}