Purchased Property


8/61 Garfield Street, Five Dock

Securing an Off-Market Investment Moments to the Upcoming Metro

The Brief

Our clients, a busy professional couple, wanted to purchase an investment property that would deliver reliable rental income today while benefiting from the long-term transformation of Sydney’s Inner West.

With limited time to search themselves, they engaged us to identify a quality apartment in an established suburb with strong tenant appeal and the added advantage of future Metro infrastructure.

Our Approach

We carried out an extensive search across the Inner West, concentrating on suburbs set to benefit from the new Sydney Metro network. Alongside on-market opportunities, we worked closely with our network of local agents to uncover properties before they reached the broader market.

When an off-market apartment in Five Dock became available, we assessed the property, reviewed the tenancy and negotiated directly with the selling agent to secure favourable terms. Our focus wasn’t simply on buying off market. It was on purchasing the right property at the right price.

The Property

  • Two-bedroom, one-bathroom apartment with one secure car space
  • Positioned within a boutique block in the heart of Five Dock
  • Existing tenant in place, providing immediate rental income
  • Walking distance to the future Five Dock Metro Station and local village amenities

The Result

  • Off-market apartment secured after a targeted Inner West search
  • Negotiated $34,000 below the clients’ budget
  • Immediate rental income from an established tenancy
  • A well-positioned investment with strong lifestyle appeal and excellent long-term growth potential

By Dan Grantham

Frequently Asked Questions

Why is Five Dock becoming increasingly popular with investors?

Five Dock has long been popular for its village atmosphere, established housing and proximity to the CBD. The addition of the Sydney Metro West station is expected to further enhance connectivity, making the suburb increasingly attractive to both tenants and owner occupiers.

Is buying an off-market property always the best option?

Not always. While off-market opportunities can reduce competition, the quality of the property and the price you pay remain far more important. Every purchase should be assessed on its own merits.

How can a buyer's agent help with investment property purchases?

A buyer’s agent manages the entire acquisition process, from identifying suitable opportunities and carrying out due diligence to negotiating the purchase. This allows investors to make informed decisions while saving time and accessing opportunities they may not have found themselves.

Agents

Dan Grantham

Kyle Startin