How a man, 23, made a staggering $129,000 on a property in just 13 months – and all he did was mow the lawn twice
- Anthony Dart, 23, made more than $129,000 profit after selling a plot of land
- He bought the Gold Coast home for $310K and sold it 13 months later for $439K
- During that time he didn’t renovate the property and only mowed the lawn twice
A 23-year-old man has made more than $129,000 profit after buying a plot of land and mowing it twice.
Anthony Dart, 23, bought the property on the Gold Coast for $310,000 and 13 months later he sold it for a staggering $439,000.
The young entrepreneur was shocked by how much the property appreciated in value in just over a year.
Anthony Dart (pictured) bought the property on the Gold Coast for $310,000 and 13 months later sold it for a staggering $439,000
‘I’m still amazed about it now,’ Mr Dart told realestate.com.
‘A lot of young people try and buy small blocks with homes to live in, but the lesson here was land appreciates in value,’ he said.
Mr Dart, who is a managing director at a Customer Retention company, said he didn’t renovate the property during the 13 months.
Anthony Dart (pictured right), 23, has made more than $129,000 profit after buying a plot of land and mowing it twice before putting it back on the market
He revealed he only mowed the lawn twice after a complaint about the unkempt grass from council.
Mr Dart recommends young people looking to buy their first property to start small and move on to something bigger in time.
He said it’s also important to do your research, buy under market value and to have exit strategies in place.
‘The hardest part for all young people is getting together the deposit – it’s good to remember to start small and move on to something bigger,’ he said.