Tower Street, Vaucluse, NSW
Property Journey:
The client couple presented as chartered accountants with a hunger to expand a property portfolio.
With finance and capital structures approved in guidance from their financial planner, capital growth at a 5% pa benchmark was the prime investment objective.
The hold period was for long-term (6+years), and expressly desired capital enhancement by renovation works.
As a point of introduction to Vaucluse, the suburb size is approximately 3 square kilometres.
It has 11 parks covering nearly 18% of total area.
The population of Vaucluse in 2006 was 9,121 people.
By 2011 the population was 9,042 showing a stable population in the area during that time.
The predominant age group in Vaucluse is 0-14 years.
Households in Vaucluse are primarily couples with children and are likely to be repaying over $4,000 per month on mortgage repayments.
In general, people in Vaucluse work in a Professional occupation.
In 2006, 71.0% of the homes in Vaucluse were owner-occupied compared with 70.8% in 2011.