Success Story

ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #27

Kieran & Hailinn came to us in June ‘20, wanting to buy their first home whilst posted to SEQLD. Kieran is in the RAAF and Hailinn is a school teacher.

Whilst they did not have enough cash to get started for their deposit and costs on a house straight away, we created a strategy and plan for them to benefit from the market by submitting an EOI, and keep saving until finance approval and land settlement (many months later).

During one of our education sessions, they also realised they could implement the use of their Govt and ADF housing entitlements: HPAS ($11K), QLD FHOG ($15K) and Homebuilder ($25K) – that’s $51K of extra funds they used to get this property underway!

Investment Property Success Story Details:

Purchase price: $494K (full turnkey)
Site Start: Aug 2021
Build complete: Apr 2022
Comparable packages are now selling for approx. $600K!

When they turn this house into an investment property, the expected rent will be >$550pw, and their tax benefits will kick in, so they will have 2 forms of income to service the mortgage and all outgoings. (aka ‘The Self-Licking Icecream!’)

Check out the size of the walk-in pantry and the open flow of the kitchen, dining, living and massive outdoor alfresco.

With just the two of them and a dog, they did not need to overextend themselves and buy their dream home straight up. This is a perfect first property for them that has risen in value, they pulled the trigger on their entitlements at the right time and place, whilst providing a very comfortable place to live during their tenure to SEQLD.

Understandably, Kieran & Hailinn are stoked with this house.

Let us know what you think of this property and this success story!