d36 Property×PropVault

Six recent buysand exactly how they went.

Prepared30 October 2026
Prepared forGowtham & Abbi
FromDineth Ekanayake, d36 Property
Case 01 · Bought, converted, revalued

Bought at $650K. 3 bed to 4.
Now valued around $750K.

InvestorVIC, Melbourne's westStandalone house3 bed converted to 4602 sqm block1km to the stationOff market
Paid vs market$650Kbelow comparables at $700K
Days to purchase50brief set to terms agreed
Strategy & yield4.8%gross, 4 bed leased at $600 a week
Outcome+$100Krevalued around $750K after the 4th bedroom
Client

An investor after a standalone house on land in the $600Ks, willing to add value himself after settlement.

Situation

A tenanted house brought to us before it hit the portals. Lease terms, an easement and the rental appraisal all needed checking fast.

Task

Do the checks inside two days, deal with the tenancy in the offer, and map out a 3 to 4 bedroom conversion before we paid a dollar.

Result

Bought for $650,000. The client project managed the 3 to 4 bed conversion himself with our advice at each step. Revalued around $750K, leased at $600 a week.

The home after the 3 to 4 bedroom conversion
We paid
$650K
Revalued
~$750K
Day 0

Brief set, 10 suburbs in the west

Weeks 1 to 6

18 properties assessed

Day 47

Off-market lead, inspected

Day 50

Agreed at $650K unconditional

After settlement

3 to 4 bed conversion, client run, our advice

Then

Revalued ~$750K, leased at $600 a week

Why this one matters to you. Established, standalone, 500 sqm plus, in the $600Ks. The conversion was planned before we bought, so the owner ran the works with a plan and us in his corner, and added about $100K.

Case 02 · Settled in 8 weeks

Bought from Western Australia.
Under two weeks, $60K under asking.

Interstate investor, WASMSFVIC, Melbourne's north5 bed, 2 bath, renovated644 sqm block
Paid vs market−$60Kunder the vendor's asking price
Days to purchase9signed up to secured
Strategy & yieldSMSFrenovated, tenant ready
Outcome8 weekssigned up to settled, from WA
Client

An investor in Western Australia buying through super. Never set foot in Melbourne during the purchase.

Situation

A regulatory change was about to close the window. The property had to meet SMSF rules and settle the search in time.

Task

Find a compliant, tenant-ready house fast, without cutting corners on the checks.

Result

A fully renovated 5 bedder, $60K under asking. Owner builder defects report, waterproofing certificate and rental appraisal all reviewed before signing.

The renovated 5 bedroom home
Asking
Asking price
We paid
$60K less
Day 0

Signed up, budget and SMSF rules set

Day 4

Found it

Day 6

Defects report, certificate, rent checked

Day 9

Secured, $60K under asking

Week 8

Settled

Why this one matters to you. Renovated and tenant ready on day one. The building paperwork was read before signing, so nobody was flying in to fix works afterwards.

Case 03 · Settling now

Walked away twice.
Then $115K under the comps.

Queensland coupleVIC, Melbourne's north3 bed, 2 bath674 sqm block560m to the station
Paid vs market−$115K$1.035M vs $1.15M closest sales
Days to purchase43signed up to contract
Strategy & yield8.6%target, 6 rooms off the layout
Outcome2auctions walked away from first
Client

A Queensland couple buying in Melbourne. First message after signing up: "Please be patient with us."

Situation

Hot auctions in the north. Easy to overpay from interstate when you can't see the room.

Task

Comps, feasibility and cashflow on every property, and a walk-away number agreed before every bid.

Result

Walked from two auctions, then bought before auction at $1,035,000. 5% deposit, two special conditions removed.

The 3 bedroom home
Closest sales
$1.15M
We paid
$1.035M
Day 0

Signed up, 20 properties assessed

Weeks 3 to 5

First auction ran to $1.145M. Out

3 days later

Second auction, past our number. Out

Day 43

Bought at $1.035M before auction

Day 93

Settles, 50 day settlement

Why this one matters to you. Buying from interstate isn't about being brave in the room. It's being brave enough to stop, with someone local who will.

Case 04 · Settled in 11 weeks

Next door sold for $920K.
We paid $800K.

Brisbane investorVIC, Melbourne's south east575 sqm corner blockResidential Growth ZoneUnder 1km to the station
Paid vs market−$120K$800K vs $920K next door
Days to purchase31signed up to contract
Strategy & yield9 roomsrooming house, DA on the corner
Outcome77 dayssigned up to settled
Client

A Brisbane investor buying in Melbourne for the first time. Never walked through the house before it was his.

Situation

Half the listings he sent were in pockets with no room demand. A cheap price in the wrong suburb is a slow bleed.

Task

Narrow 10+ suburbs, assess 45+ properties, and buy a site that works as a rooming house.

Result

Locked in at $800,000. 9 rooms clear on the floorplan, and our building partner was in the conversation before the offer went in.

The corner block home
Next door
$920K
We paid
$800K
Day 0

Signed up, suburb 101

Weeks 1 to 4

45+ assessed, go and no-go list

Day 28

Found it, inspected, video sent

Day 31

Contract signed at $800K

Day 57

Finance snag sorted, approved

Day 77

Settled, conversion underway

Why this one matters to you. The builder was lined up before we bought, so the works had an owner from day one.

Case 05 · Settled and leased

The last sale fell over.
Leased 12 days after we settled.

InvestorVIC, Goulburn Valley3 bed, 2 bath + 1 bed bungalow938 sqm blockRegional town centre
Paid vs market$490Kbelow comparables at $500K+
Days to purchase45brief set to terms agreed
Strategy & yield5.4%gross at $510 a week, bungalow upside
Outcome12 dayssettled to leased, no empty months
Client

An investor with a $500K ceiling, open to regional Victoria if the numbers and the rent held up.

Situation

The previous buyer walked after the building and pest report. The house was empty, the old tenant had just left at $470 a week.

Task

Read the report properly, price the cracking for what it was, and make sure the house didn't sit empty after settlement.

Result

Bought for $490,000 on a 60 day settlement, with access for a rental campaign written into the contract. Leased at $510 a week 12 days after settling.

The 3 bedroom home with bungalow
Old rent
$470/wk
Leased at
$510/wk
Day 0

Brief set, under $500K

Day 29

Found it, sale had just fallen over

Day 36

B&P read, cracking minor

Day 45

Terms agreed at $490K

Days 45 to 105

Rental campaign runs during settlement

Day 117

Leased at $510 a week

Why this one matters to you. This is the opposite of three months empty. The tenant search started before settlement because we wrote it into the contract.

Case 06 · Settled and leased

Interstate, regional, 890 sqm.
Leased above the appraisal.

Victorian investor buying interstateSA, Limestone Coast3 bed house890 sqm blockFixed fee
Paid vs market$405Kvalued at $510K plus today
Days to purchase66brief set to contract
Strategy & yield5.8%gross at $450 a week
Outcome+$50/wkover the $380 to $400 rental appraisal
Client

A Victorian investor after yield and land in a regional city he didn't know, in another state.

Situation

No local contacts, no feel for which streets rent and which sit. The kind of market where a buyer from out of town gets the leftovers.

Task

Build the local agent network, get in early on stock, and buy a solid house on a big block at a price that works on rent.

Result

Bought for $405,000. Appraised at $380 to $400 a week, leased at $450 a week. Now valued at $510K plus.

The 3 bedroom home on 890 sqm
We paid
$405K
Valued today
$510K+
Day 0

Brief set, regional SA

Weeks 1 to 6

Local agents briefed, stock assessed

Day 41

Found it, 890 sqm, 3 bed

Day 66

Secured at $405K

Then

Settled, leased at $450 a week

Why this one matters to you. Buying in a state you don't live in only works with people on the ground. We built that before we bought.