LongView launches new fund for capital city property investment
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LongView, an established property company, has introduced a new investment opportunity targeting capital growth in Australia’s major cities.
The LongView Homes Investment Fund allows investors to access property markets in Sydney, Melbourne and Brisbane with a minimum investment of $100,000.
Evan Thornley, Co-founder and Executive Chair of LongView, said the fund aims to capitalize on historical trends in house price growth.
“On average, regional houses have doubled every 15 years, whereas capital city houses double every 11 years, and the top half (by performance) of capital city houses double every 6 and a half years,” Mr Thornley said.
The fund invests in family homes valued between $800,000 and $3 million across key metropolitan areas.
Mr Thornley said the fund targets properties referred to as RODWELLS (Robust Old Dwellings on Well Located Land), which have historically shown higher potential for capital growth.
“The properties in our Fund are carefully selected using LongView’s cutting-edge data science combined with professional buying expertise, aiming to select those properties which have a high potential for capital growth,” he said.
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Melissa Van Der Drift, a Kerang farmer and investor in the fund, cited LongView’s property expertise as a key factor in her decision.
“LongView has given me the ability to target big city capital growth. I already have eight individual investment properties with LongView, but with this Fund, I no longer need to be the landlord,” Ms Van Der Drift said.
Chris Edwardes, a semi-retired small business owner, also invested in the fund, preferring property over shares.
“I’ve never lost money on property. Yes, there is risk, but over the 68 years I’ve lived, I know the key is to buy the right property,” Mr Edwardes said.
The fund has already approved co-investment in 39 homes worth $74 million across Sydney, Melbourne, and Brisbane.
LongView describes itself as an integrated residential property business focused on addressing issues in Australia’s housing system.