Case Study: Aquisition and cosmetic renovation in Bondi, Sydney

Property Overview

Location: Bondi Heights, Sydney

Original Purchase Price: AUD 1.15 million (2022)

Year Built: 1970s

Renovation Budget: $65,000

Renovation Period: 6 weeks

Pre-renovation rental: $800pw=5009

Post renovation rental: $1300 pm

YIELD INCREASE: 62%

Post-Renovation Sale Price (2024): AUD $1.55 million

VALUE INCREASE: 28%