Sydney investor snaps up three houses for $340k

9 Short St, Bourke was purchased for $80,000 and one of three homes bought for $340,000 Priced out of the harbour city’s market, Sydneysider Kaisser Khater, 38, purchased himself a regional NSW portfolio of three houses for $340,000 over the past six months. Paying in cash and securing them outright, Mr Khater purchased the homes in Moree, Cobar and Bourke with plans for renovations before he holds the properties to rents them out for the long term. The purchases were made through buyers agency Charlies Properties, where all three homes were found off-market with local handymen set to carry out the planned renovations. “We found all three homes off-market, which is our speciality, through things like Facebook community groups and letterbox drops,” Charlie Property Director Charles Corby said. “Local handymen are doing each reno for $10,000 to $20,000. Paint, tiles, doors and the yard. Nothing structural.” Mr Khater paid $150,000 for a three-bedroom weatherboard house at 323 Chester Street, Moree, spending a further $13,373 in renovation trade costs, plus $3,500 for the project manage to be managed. MORE: Buyers flock to regional hotspots and ditch houses 323 Chester St, Moree was p...