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Andy Karle
3 properties in 2 years
First Brisbane property grew $200K+ in 8 months
Secured $60K instant equity in SEQ before settlement
Building a strong portfolio solo, now onto Property #3
“I signed up with Propell after an in-person meeting and settled 2 months later on a new build & land contract.”
- Andy Karle
The story
Andy, originally from Germany, reached out via our website in September 2023. Having just moved from Auckland to Australia, he was keen to start building wealth as a solo investor and knew he was in a strong financial position.
After a quick 15-minute chat, Andy dropped into our office the following week and engaged us to help him find his first property. Our Research and Acquisitions teams sourced an off-market, undervalued opportunity in Brisbane, just 25 minutes from the CBD. Andy bought it for $726,500, and within 8 months, recent sales on the same street were coming in at $950,000. That’s more than $200,000 in capital growth.
Eager to keep up the momentum, Andy asked us to find his next opportunity. This time, we pinpointed an area in South-East Queensland, where we secured a property at $690,900 in a pocket with comparable sales at $750,000. That gave Andy $60,000 in instant equity.
With two high-performing investments under his belt in less than a year, it was a no-brainer for Andy to ask us to get started on a third.
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