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Purchased house and land packages (duplex)
Investor profile: Mr. and Mrs.A are seasoned investors with a multi-million dollar property portfolio all around Australia. We identified the opportune time to buy due to the lack of confidence in the market at the time and we proposed a duplex package. Mr. and Mrs.A made the decision within 24 hours. Their purchase with Lumen is a testimony to their confidence in Lumen’s research and approach in identifying good investment propositions. Upon completion of construction, there was an immediate equity gain of $140k and the properties were immediately tenanted.
| Date of purchase: | 2008 |
| Value at purchase: | $700k |
| Value as at 2010: | $840k |
| Equity/profit: | $140k |
| Rental vacancy: | Nil (fully tenanted) |
Purchased house and land package in a growth corridor
Investor profile: Mr. B is a non-english speaking businessman who was considering a number of investment options, including equity, bond and the local and overseas property market. After briefing him about the fundamentals and proven historical performance of the Australian property market, Lumen helped Mr.B with the purchase of two house and land packages. Upon completion of construction, there was an immediate equity gain of $80k and both properties were tenanted within 3 weeks.
| Date of purchase: | 2008 |
| Value at purchase: | $800k |
| Value as at 2010: | $880k |
| Equity/profit: | $80k |
| Rental vacancy: | Tenanted to date |
