Millennial Environmentalist Cracks Wealth Code

Do you ever think about building wealth, whilst also grappling with the existential crises of a world seemingly gone mad?

Well, you’re not alone. In fact, we recently had a client in a similar position. Part of this brief was that we wanted to be buying in areas less likely to be affected by climate change, in part driven by our clients vocation as an environmental scientist.

We’re absolutely stoked with the result here. Not only have we picked an area which is well positioned to be buffered against climate change issues (In Tasmania), but it is also an area undergoing massive gentrification and a huge industry transformation. Now, some of the key things about this property that I personally love:

Beautiful, well made brick house in a desirable neighbourhood pocket. Perfect opportunity for an inexpensive, and highly effective cosmetic renovation.

• Easy to convert from 3br – 4br.
• Good size block with future development potential.
• Ready to rent as is, delivering great returns from day one.

Some key property stats:

• Purchase Price: $271,500
• Gross Yield: 5.7%
• Cashflow: $1,660
• Cash required for purchase: $56,516
• Months since purchase: 25
• December 2021 Bank Valuation: $349,000
• Total % Growth Since Purchase: 28.5%
• Total $ Growth Since Purchase: $77,500
• Return On Capital Invested: 140.1%

You can’t argue with that.