EP. 1476 Purchased For $295,000 in 1993 - SOLD $2,260,000 2025 - Tale of The Sale

In this episode, Mark Novak and Josh Wapshott break down the sale of 20 Carter Road, Brookvale—a small freehold property originally purchased in 1993 for $295,000 and just sold for $2.26 million in 2025. The block included a four-bedroom house at the front and a warehouse at the rear, generating a combined rental income of approximately $92,000 per year. Despite its dated condition, the property’s value appreciated steadily over the decades, doubling roughly every 10 years, mirroring Sydney’s broader capital growth trends. The buyer, a local business owner, plans to use the warehouse for operations and lease the house, effectively offsetting mortgage costs.

Josh and Mark highlight the advantages of commercial property investment over residential, such as stronger rental yields, longer lease terms, and tenants who often enhance the space. Brookvale’s commercial sector is gaining momentum due to recent zoning and height changes, increased infrastructure, and growing demand from national retailers and health operators. With sales in the area reaching $4,800 per square metre, Brookvale is emerging as a commercial hotspot. The duo encourages investors to explore similar opportunities, noting they have more comparable properties available, and emphasize Brookvale’s bright future and investment potential.