the sunshine state surge

www.cohenhandler.com.au

Buy the right property, at the right price


Increased stamp duty for foreign investors, the start of a new Financial Year and a looming Federal election meant there was plenty of uncertainty for prospective buyers throughout the month of June. Many of our prospective buyers were keen to stay on the fringes throughout June yet as a company twenty nine purchases were carried out on behalf our clients.

Seventy percent of our customers engaged for the month were categorised as investors and many astute buyers are turning their attention to the Sunshine State. Brisbane is becoming increasingly more requested by our clientele for the main reason of affordability.

Brisbane locals typically have a conservative appetite for direct property investment. As such a lack of dedicated buyers on the ground presents an opening for our Victorian and New South Wales based buyers who approach buying with a more aggressive mindset.

Collectively for the month of June our Queensland purchases are deriving an average 5.8% yield from purchase price points ranging $310,000 - $2.2 MN.

Welcome to Recent Buys where we summarise a select few of our stand-out buys from the last four weeks.

Warm regards,

Sunshine State Surges

Jeremy Bedwani | General Manager – Corporate


NORTH BONDISYDNEY

Purchase price:

x4 Bedrooms

Not Disclosed

The client had been looking for over two years on their own before deciding to bring Cohen Handler in on their search. After a six week search, Cohen Handler were able to purchase a beautifully renovated 4 bed, 2 bath, 1 car, freestanding, north facing, Hampton’s style house in blue chip North Bondi. The client only needed to see the property once and 24 hours later, the property was bought! Inspected Saturday, negotiated Sunday and exchanged by Monday! Clients were ecstatic.

x2 Bathrooms x1 Parking


VAUCLUSESYDNEY

Purchase price:

x5 Bedrooms

Not Disclosed

The client had just sold their first apartment and was looking for a larger 3 bedroom apartment to grow into in the coming years. They had been looking for some time before deciding to engage with Cohen Handler. After a 4 week search, Cohen Hander were able to secure a 5 bedroom, 2 bath, 1 car semi with ocean views in prestigious Vaucluse. The client was truly overwhelmed with the result and the level of service that Cohen Handler were able to provide. The client’s never dreamed of being able to buy a house at their age in such an exclusive location.



BROOKFIELDBRISBANE

Purchase price:

x4 Bedrooms

Not Disclosed

The client was looking for a smaller version of their current home which they have enjoyed for many years. Jordan sourced and purchased a great home in the prestigious Huntington estate.In an elevated position in a quiet cul-de-sac this flawlessly refurbished home is designed for the whole family’s enjoyment and comfort. Magnificent outdoor covered entertainment areas. It is close to extensive parkland and 200m from a bus stop and in walking distance to Kenmore High School.

The clients love their new home, and are absolutely delighted with the purchase price.



VAUCLUSE

Purchase price:

x3 Bedrooms

Not Disclosed

The clients had just sold their existing home and had only 3 months to purchase a new home. In a highly competitive ‘downsizer’ market the client was looking for a 3 bed, 2 bath apartment with parking anywhere from Double Bay to Vaucluse.

Cohen Handler were able to source a top floor, north facing duplex with one of the best harbour views in Sydney. This off-market property was secured swiftly within a 3 day period, and at a great price resulting in extremely satisfied clients. And all this was done within a week of the client signing up with Cohen Handler - saving them loads of time, in addition to significant monetary benefits as well.



ELIZABETH BAYSYDNEY

Purchase price:

x2 Bedrooms

$1,200,000

These clients were a young professional couple who were looking for their first home in Elizabeth Bay or Potts Point - two very sought after suburbs. After anxiously watching the competitive market for months, they decided to reach out to Michael Connolly, a buyer’s agent from Cohen Handler. As this was their first purchase, the couple was concerned about missing out on their ideal property, or even being priced out of their budget and overpaying.

Within two weeks, Michael was able to secure a fantastic two-bedroom apartment with parking and a balcony in Elizabeth Bay that suited all of the clients’ needs. Michael was able to secure this for $90,000 below the asking price. They cannot wait to move into their new home!



2/30 BELLEVUE ROADBELLEVUE HILL, SYDNEY

Purchase price:

x2 Bedrooms x2 Bathrooms x1 Parking

$1,450,000

This client was referred to buyer’s agent Natalija Tanevska by a friend who had recently attended one of Natalija’s presentations. He was a first-time buyer and found the market extremely frustrating.

He tried to secure a few different properties on his own, but continually missed out. The client was a young doctor who worked long hours, of which a majority was on shift, so there was not a lot of spare time available to do the legwork of finding the right home.

Natalija began the search on the Monday, and by the end of the week had secured a beautiful townhouse in Bellevue Hill. Natalija was able to get access to this townhouse pre-market and secured the property before the first open house. The client was ecstatic and, since then, has referred another doctor who has also engaged Natalija’s services.


CAMMERAYSYDNEY

Purchase price:


Not Disclosed

These clients had been searching for a two-bedroom apartment for nearly a year before they sought the help of buyer’s agents Walter Nanni and Arija McQuillan. The clients were presented with a number of properties, however they missed out on a few before this particular off-market home was uncovered and secured at a competitive price.

The clients were very happy to finally have their dream home, and put it all down to the expertise of these two buyer’s agents and their knowledge of the area.


NORTH BONDISYDNEY

Purchase price:

x2 Bedrooms x2 Bathrooms

$1,320,000

These clients discovered Cohen Handler online, and are busy professionals with a young child. They had dedicated a lot of time to finding a garden apartment, but had no luck by themselves. They signed up with Cohen Handler and, just a week later, Walter Nanni had identified a property that suited their needs.

The clients jumped on it immediately. Cohen Handler was able to secure it with Walter doing all the running around to get it exchanged, even on a Sunday, before any other interested parties could be notified the day after. These clients were delighted, and even got the shorter settlement they were after. They get the keys in five weeks and can’t wait to move into their dream home!

x1 Parking


QUEENS PARKSYDNEY

Purchase price:


Not Disclosed

These clients were a family with young children. They had recently returned from living overseas and engaged Cohen Handler buyer’s agent Steven Langman to do the legwork of finding their new home. They had a challenging set of criteria, but Steven was able to find this stunning house with plenty of room for their growing family.

It had five bedrooms, three bathrooms, loads of parking and perfect for summer by the pool. It is a very modern home with plenty of natural light streaming in, so it really makes for a great family property.

The whole family is very pleased with the outcome, and the kids can’t wait for summer to get here!

x2 Parking


RANDWICKSYDNEY

Purchase price:


Not Disclosed

This local family had sold already when they engaged the services of Cohen Handler, and were struggling to find their next home before the settlement date. They took on the services of a Cohen Handler buyer’s agent, and just four weeks later, had secured this amazing property off-market.

The clients are absolutely delighted:

“We are still overwhelmed and over the moon with our new house, the whole process and how indispensable your help and guidance was in making it happen. Thank you so much from both of us - we couldn’t be happier!”

x1 Parking

www.cohenhandler.com.auwww.cohenhandler.com.au

INVESTMENT PROPERTIES

9/435 CORONATION DRIVE, AUCHENFLOWER, BRISBANE18/3 OLD BURLEIGH RD, SURFERS PARADISE, BRISBANE6/111 JAMES ST, NEW FARM, BRISBANE3 KINGS CROSS ROAD, DARLINGHURST, SYDNEY 12/139 BRONTE ROAD, WAVERLEY


9/435 CORONATION DRIVEAUCHENFLOWER, BRISBANE

Purchase price:


$300,000

For this home in the growing city of Brisbane, the clients were looking for a high-yield investment to assist with cash flow for when they retire. It’s a great strategy for wealth creation, and Cohen Handler were able to negotiate the sale of this property for just $300,000.

In the long-term, it will be rented for between $400 and $430 each week, showing a whopping 7.2 per cent yield. This is very high for an inner-city suburb such as Auchenflower, and the clients will be seeing the fruit of their investment when they eventually retire, hopefully very comfortably!


18/3 OLD BURLEIGH RDSURFERS PARADISE, BRISBANE

Purchase price:


$440,000

This was the client’s second purchase in the Brisbane market, as they were looking to add to their existing portfolio of investment homes.

The property had been on the market for nearly four months with a starting price over $575,000. Cohen Handler liked the property and thought it would be ideal for this client, although they did not want to overpay for it. They remained patient over the next four months and continued to keep tabs on the property until it was under $500,000. This is when it became attractive to the client, as it was showing rents of between $520 and $550 per week. Surfers Paradise is also experiencing very high yield at the moment, with 6.5 per cent, so this buy will be brilliant for the client’s capital gains and immediate returns.


6/111 JAMES STNEW FARM, BRISBANE

Purchase price: $445,000

This buyer was looking to diversify their investment portfolio, and wanted to buy somewhere that wasn’t in Sydney. Using Cohen Handler’s services, they looked to the market in Brisbane as a way to diversify their investment and retirement strategy.

The clients were presented with this home, and subsequently purchased for $50,000 less than the most recent comparable sale within the building. There was another sale around the same time, and it went for $13,000 more, even though it was run down.



3 KINGS CROSS ROADDARLINGHURST, SYDNEY

Purchase price:


$781,000

This client had been contemplating taking the leap and purchasing an investment property with the intention of eventually building a portfolio for wealth creation opportunities.

Having spent enough time on the sidelines procrastinating and not wanting to do the bulk of the legwork themselves, they decided to engage the services of Cohen Handler buyer’s agent Riki Tawhara.

Within weeks, Riki had not only set a long-term strategy in place, but also purchased the client’s first investment property - the foundation of what we believe to be a highly successful portfolio. This Kings Cross home is perfect as a first buy, especially for the purposes of starting a portfolio, and it will really set them up for great success in the future as well. A great find!


12/139 BRONTE ROADWAVERLEY

Purchase price:


$885,000

This client was an investor looking to purchase an investment property within the exclusive Eastern Suburbs. After several failed attempts to secure properties which were on market, he decided to explore other avenues which would be more conducive to a successful outcome. A friend referred him to Cohen Handler and Riki Tawhara. Within two weeks, Riki secured an off-market property for him, paying well below market value for a 5% yield, resulting in a another satisfied client.

www.cohenhandler.com.auwww.cohenhandler.com.au

COMMERCIAL PROPERTIES

PADDINGTON, SYDNEYBALMAIN EAST, SYDNEY


PADDINGTONSYDNEY

Commercial Tenant Advisory


These clients came to Cohen Handler Commercial after being notified that their existing medical consulting practice was being sold - they had four months to vacate. The busy professionals engaged the services of a professional buyer’s agent to secure a lease for a new practice within a very specific location in Sydney’s eastern suburbs.

The team was able to minimise disruptions to the clients’ business by securing a property in close proximity to their existing practice, with the desired layout and character - all within just two months.

The business was located in a desirable spot, so timing and speed were critical. Regular dialogue with leasing agents meant Cohen Handler was first to inspect the property, and ultimately secured it ahead of two other applicants. These clients were another example of happy Cohen Handler customers!

x1 Parking


BALMAIN EASTSYDNEY

Commercial Tenant Advisory

Cohen Handler Commercial was engaged to represent a cafe operator who was attempting to acquire a competing business and secure the lease on the existing premises. The competing business was located opposite the clients’ existing premises, so confidentiality was crucial as negotiations would have been affected if they were aware of the bidders’ identities.

Cohen Handler buyer’s agent Michael Salvartsis was able to obtain a fantastic price and negotiate favourable terms prior to the identity of our clients being revealed. Our client is now able to secure their local trade area and expand the business!


“IN ANY GIVEN MOMENT WE HAVE TWO OPTIONS:TO STEP FORWARD INTO GROWTH,OR TO STEP BACK INTO SAFETY”

www.cohenhandler.com.au/careers

Our culture encourages the team to commit to self mastery that naturally improves both business and life skills.We consider every one as business owners, we help our people learn to run and manage businesses.

Let’s connect!


1300 244 768

110 Brougham Street, Potts Point, NSW 2011


the sunshine state surge

Real Estate