Investor · On-market · Traralgon, Victoria

The market decision came before the property decision.

The investor was adding to an existing portfolio within a $350,000 to $450,000 budget. Three regional markets were compared before the search narrowed to an individual house.

Purchase price: $399,000
Timing: Settled 17 January 2025

01 · The brief

What the purchase needed to do.

A purchase budget of $350,000 to $450,000 with finance approved.
A liveable house with at least three bedrooms, at least 450 square metres of land and limited major work.
Everyday amenities, rental demand and a clear role in the existing portfolio.

02 · The work

What was examined before the offer.

Mildura, Traralgon and Parkes were compared against the investment brief before the property search narrowed.
The selected property offered three bedrooms and a substantial block, then moved through contract review, finance and building-and-pest conditions.
Property management was involved before settlement, with access organised for contractors and prospective tenants.

03 · The decision

What the evidence changed.

Proceed at $399,000 with the finance and building-and-pest protections appropriate to the purchase.
Begin the property-management handover before settlement rather than waiting for the keys.

04 · The outcome

What happened next.

Purchased for $399,000 and settled on 17 January 2025.
The conditional offer preserved the agreed finance and building-and-pest protections.
The property-management handover was underway by settlement.

Evidence and limit

Read the decision, not a promise.

Source: Ben Drayton client brief, market comparison, purchase and settlement records. This case explains the selection and acquisition process. It is not a current recommendation for Traralgon or a claim about future investment performance.

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