Anare – Noble Park, VIC

Real Estate Rescue Graduate


This DGI Graduate found this deal through a court list letter. This particular takeover deal was a little more complex where the homeowner had accumulated a significant amount of interest & fees that were being compounded. However, the numbers still cleared and that a WINWIN outcome was still achieved.

The Number

These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.

Expenses Cost
Purchased for $500,000
Second mortgage $250,000
Arrears $20,000
Clean-Up $40,000
Purchasing costs $25,000
Sold price $890,000
Profit $55,000

Before and after photos from the renovations

Backyard Before

Backyard After

Kitchen before

Kitchen After

Bedroom Before

Bedroom After

Top Learnings:

  • Don’t give up when there’s multiple creditors involved.
  • Keep the home owner in regular communication to foster great relationship
  • Reward tradies with your rubbish! Your waste is another person’s treasure