Reed Street, Cremorne

2 Bedroom
1 Bathroom
1 Car

Address: 5/7 Reed Street, Cremorne NSW 2090

Type of property: Townhouse

Reason for purchase: Investment/future potential primary residence

Client brief: A Hong Kong based expat family were seeking to purchase an investment property which they may also choose to live in for a period upon their return to Sydney.

Overview of the purchase: This client had on a few prior occasions attempted to purchase a property in Sydney using their family as their eyes on the ground, whilst they were based in Hong Kong . On each occasion our client never proceeded with a purchase as they found the process too difficult and couldn’t get a feel for the market or build rapport with agents.

The brief from our client was to purchase a property which was a good investment, however at the same time the property must provide the features of a home which they may live in upon their return to Sydney.

After missing out on the first identified property as the eventual sale price was above market in our opinion. Shortly after, Reed Street was identified to meet the criteria of the property. We inspected the property within the first week of an Auction campaign, however by this stage the agent had already received offers. Within 24 hours of our inspection Prosper Group completed their due diligence and had negotiated a purchase price based on the contract being executed within the following 24 hours. The contracts were exchanged and our clients are very happy.

Buying a property in Australia whilst being based overseas could have been very stressful, but the team ensured that we were well looked after. Prosper Group has very high standards and I felt confident that the team was only ever going to find me the best property for my needs and budget.

Susannah & Dean Geary

  We could have gone all year looking and searching. We are positive we could not have found a better home that suits our needs. Thank you again for providing a service that we will only ‘sing it’s praises'!  

Sharon & Lloyd

Northbridge, NSW

  We have never experienced the level of property management and confidence that you give us.  

Kaye & Michael

Fairlight, NSW

  Prosper Group made what could have been a taxing and draining process of selling and buying houses a rewarding and enjoyable experience.  

Michael & Edwina

Turramurra, NSW

  We would like to send you a huge thank you for your assistance with our rental properties. You are always extremely helpful, professional and execute everything with a wonderfully positive attitude.  

Ian & Terry

Darling Point, Maroubra & Annandale, NSW

  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  


MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  


Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  


Company Director & Investor

  Meticulous, thoroughly professional, very patient. A pleasure to deal with.  

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills, NSW

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes.  

Carolyn & Anthony

Brisbane, QLD

  Highly recommend Prosper Group. They were highly professional, knowledgeable and flexible when our brief changed! Also a pleasure to work with and we’re thrilled with our result.”  

Lou & Angus

Mosman, NSW