Welcome to our latest success story!
He is an expert logistics officer in the Army and his wife, a veteran herself, is being looked after with numerous support mechanisms after finishing up her Army service a few years ago.
This is their second property with Axon. We also helped them find and build their PPOR (own home) in a Brisbane waterside suburb about 12 months ago. As DINKs, they had a decent amount of cash saved up, so they concurrently launched into expanding their portfolio with this brand new investment property.
Of note, their PPOR has risen in value by approx, $200K, even though they bought it for ‘lifestyle reasons’ – not ‘wealth creation’ reasons – they are fortunate to have both in this instance. How good?!
Even with outstanding capital growth with their PPOR, check out the performance of this property we are showcasing:
- Purchase price: $454K (that seems sooo cheap now!)
- Site start: July 2021
- Build complete: May 2022 (there were approx. 105 days of construction delays)
- Mortgage Broker has a bank valuation at $620K!
- Expected rent at EOI: $390pw // Actual rent: $480pw!
As you can see in one of the images, this property is located within a master-planned community (in SEQLD). It’s so close to the future town centre, school and medical facility.
I have also included their feedback on our services; as you’d imagine, they’re pretty happy. Not only have they enjoyed the experience of building 2 houses, but the accompanying $370K of net growth over the 2 properties is also a stellar result!
Fast forward to now, they recently received finance approval for IP#2 and we are already hunting for IP#3 for them (research/location briefings tomorrow afternoon).
Once these next 2 properties are complete, they intend on pivoting toward starting a family, which we are stoked about.
By the time their future child starts school, they will be living in a family that has a multi-million dollar property portfolio – purely based on mum and dad’s choices in the here and now! *Goosebumps!*
Let us know what you think of this property and this success story!