In 2024, DDP property clients are looking for high rental yield properties with not much capital growth and that's usually suited for our cash buyers, be it SMSF buyers, meaning in their self-managed super funds or buyers that just have a significant amount of cash in their savings account and want a better rate of return, which are rental yields of 9 % to 15%.
The second type of buyer is the buyer that realizes they can't buy in their backyard because their properties average about a million, Million dollars upwards and they may have 30 to 40 thousand dollars in their bank account, the great thing at DDP is we find properties 200 thousand dollars upwards with rental yields of six-seven percent which means it covers your mortgage repayments and the buyer just has to have about 30 thousand dollars on average to get in so there are two types of buys you know we're servicing right now the cashed up buys that want a massive rental yield or first time buys that realize that they can't buy in their capital city and they use DDP to get into a property for approximately $30,000 and yet they still become an owner of a property.