Mihir is a cybersecurity professional based in south-west Sydney. When he came to Prime Pursuit Properties, he had a $1 million preapproval and an additional $500k in his SMSF in hand and a single goal: build a property portfolio that would compound over time, not just close a single deal.
What followed was three settled properties across Queensland, New South Wales, and Victoria. All rented. All growing. Around $250,000 in equity created in under 12 months.
This case study walks through exactly how it happened: the strategy, the properties, the numbers, and the decisions that made the difference.
* Figures are in-house estimates based on available market data at time of publication. Individual results may vary.
The Decision: Three Properties Instead of One
Mihir arrived with a $1 million preapproval and an additional $500K in his SMSF, carrying the common investor assumption that this meant buying a single $1 million property, most likely in Sydney. The free consultation with Prime Pursuit Properties challenged that thinking immediately.
The Prime Pursuit Properties team walked through the numbers: two properties at around $500K each offered a steeper growth runway than one at $1 million. The jump from $500K to $750K represents a 50% gain. The equivalent move on a $1 million property requires the market to deliver far more heavier lifting on both growth and timeframe.
Cashflow told the same story. Two mid-range regional properties delivered a combined yield that a single Sydney property with higher holding costs and a lower yield environment simply couldn't match.
The result: Mihir deployed his preapproval across three purchases, not one, diversified across three states.
Why He Hired a Buyer's Agent Despite Completing an Investment Course
Mihir isn't a passive investor. Before engaging Prime Pursuit Properties, he completed a full property investment course specifically to avoid paying a buyer's agent fee. He still hired one.
The reason was time. With a demanding full-time role in IT, the cost of researching and transacting across multiple interstate markets himself — same-day decisions, daily agent calls, weeks of suburb research - far outweighed the buyer's agent fee.
The market would have moved by tens of thousands of dollars by the time I got there on my own. It's not a $5,000 purchase, it's the savings of your life.
— Mihir, Prime Pursuit Properties ClientThe course wasn't wasted, though - it gave Mihir the knowledge to hold a buyer's agent accountable, ask the right questions, and verify every recommendation along the way.
The Properties: Older Builds, Large Land, Strong Yields
Prime Pursuit Properties' brief for Mihir was clear: avoid newer builds with compressed land-to-value ratios. Focus on established properties with large blocks in high-yield regional markets, where the land itself carries long-term development potential.
All three properties settled within the first four months. All three are tenanted. Here's how they've performed on an annualised basis:
* All figures are in-house estimates rounded for clarity. Past performance is not indicative of future results.
Pulling the Trigger: No Anxiety, Just Process
For most investors, the moment of committing funds to a deposit is the highest-stress point in the entire purchase. The moment the preapproval becomes a real transaction, and savings become a contract.
Mihir describes his experience differently. By the time each property reached exchange, Prime Pursuit Properties had already completed the due diligence. Every flag had been identified and addressed. Every box had been checked. There was nothing left to be anxious about — only the decision to move.
That is not luck. It is the result of a structured process that keeps the client informed at every stage, backs every recommendation with data, and never asks a buyer to simply trust blindly. The Prime Pursuit Properties process is designed so that by the time you sign, you already know exactly why you're signing.
How the Portfolio Was Built
The Only Regret
The only regret is we wish we would have moved three months faster before we engaged you. Maybe those three months would have given us a few more extra thousands of dollars.
— Mihir, Prime Pursuit Properties ClientThree months earlier would have meant buying into markets that have since moved considerably. That is the real cost of sitting on the fence, not the buyer's agent fee, but the equity the market generates while you are still deciding.
The window for regional markets at these price points does not stay open indefinitely. Every month of delay is a month the market has already priced in.
What's Next: The Equity Snowball
With around $250,000 in equity across three properties, Mihir's next move is already in planning. The equity extraction strategy means the gains from these three properties become the deposit for the next one without a single additional dollar saved from income.
That is the compounding model Prime Pursuit Properties is designed to support. Not a single transaction, but a sustained acquisition strategy where each property funds the next and the portfolio grows without requiring proportionally more capital each time.
Frequently Asked Questions
Is a buyer's agent worth the fee for regional property investment?
In Mihir's case, the buyer's agent fee was recovered many times over within the first year through equity gains alone. More importantly, the time cost of researching and transacting across three interstate markets while holding a full-time senior role would have made the DIY approach extremely difficult to execute at the same pace and quality. The fee is the cost of speed, access, and process.
Can I use a $1M preapproval to buy multiple properties?
Yes - preapproval does not have to be deployed against a single property. Depending on your lender and ownership structure, it can be split across two or more purchases. Prime Pursuit Properties' free consultation specifically assesses how your borrowing capacity can be most efficiently deployed across multiple markets to maximise both growth runway and cashflow.
What is SMSF property investment and is it right for me?
A Self-Managed Super Fund (SMSF) can be used to purchase investment property, allowing the growth and rental income to be taxed at the concessional superannuation rate. Mihir's third property was purchased through an SMSF structure. Whether it is right for you depends on your fund balance, loan eligibility, and long-term strategy - Prime Pursuit Properties works with specialist SMSF accountants as part of the advisory team.
Why invest in regional markets rather than capital cities?
Regional markets at mid-price points offer higher rental yields, lower entry costs, and in many cases - stronger short-term growth as infrastructure investment and population shifts drive demand. The key is identifying which regional markets have the right fundamentals, not simply chasing recent price movement. Prime Pursuit Properties' 24-factor suburb analysis across 15,000+ suburbs is how that distinction is made.
How long does it take to build a 3-property portfolio?
Mihir's three properties settled across a four-month window, from a free consultation earlier that year. The timeline depends on your borrowing capacity, market conditions, and how quickly each purchase can be sourced and due-diligenced. Prime Pursuit Properties' process is designed to move at the pace the market demands - which in hot markets means same-day decisions.