Zian William Fox Gibbs secured a four-bedroom house at 23 Wickerson Crescent in Bli Bli, Queensland for $1.2 million after just seven days on market, delivering his investment client an immediate 4.12% rental yield.
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Finding the right property in one weekend
Zian William Fox Gibbs signed his investment client on a Friday afternoon. Twenty-four hours later, he’d found them the perfect property.
The four-bedroom house at 23 Wickerson Crescent in Bli Bli was the third property Zian inspected that weekend. It was the second open home on Saturday, and it matched everything his client needed.
“I had signed my client on 24 hours prior and that was the first Saturday, so we had open homes to go to,” Zian said.
“It was my second open home that I attended and it matched what we wanted. It was just going to produce the rental yield that we desired for my client.”
The property sold for $1.2 million via private treaty after just seven days on market, delivering an immediate 4.12% annual yield.
Winning against higher offers
Zian wasn’t the highest bidder on the day. He also wasn’t the only buyer’s agent at the table.
What won the deal was contract structure.
Zian coordinated his client’s broker, conveyancer and building inspector before making the offer, enabling a potential seven-day path to unconditional. That speed, combined with matching the owner-occupier vendor’s desired 60-day settlement period, made his client’s offer the strongest on terms rather than price.