Bankstown

This 20-unit complex in Bankstown comprises exclusively two-bedroom apartments. Among these, 12 units feature double garages, while the remaining eight have single garages. The total acquisition cost for the property was $7.5 million, equating to an average purchase price of just under $380,000 per unit, which represents an excellent investment opportunity in the Bankstown area. Following a renovation project costing $2 million, or approximately $100,000 per unit, the end value of each unit rose to $580,000. This renovation resulted in an increase in equity of approximately $80,000 per unit.

Disclaimer: This is not financial advice, past performance is not indicative of future results. you are required to do your research and draw your own conclusions on the profitability of a project. PM42 is not able to predict future market downturns or interest rate changes and can only act based on the information provided at the time. The project outlined in this article was managed by a contractor of PM42 and not the by company directly.