We are thrilled to introduce the first of of three...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #39
Don’t miss this Success Story… it’s completely different to any other! 8 Axon clients accessed these properties at the same time.
After each client progressed through the Axon model of education, coaching, strategy, finance assessment & risk management, it was determined that one of these properties, in this location, at this price range, at this time, was perfect for each of them!
As most of you know, buying a property in the right LOCATION that suits your finance ‘left and right of arc’ is essential to being successful in property.
Some of you will scoff at the size of the land and build. Some of you will turn your back on the type of property… read on!
These properties are brand new terrace homes. That is, no adjoining walls, no body corporate, free-hold, land-and build, just like a ‘normal’ house.
They are located adjacent to a big community park, so they do not need their own backyard.
They’re 300m from a school, 500m from a future town centre, and within a master-planned community in one of SEQLD’s fastest-growing regions.
- Purchase price: $388K (full turnkey package, with Solar)
- Expected rent at EOI: $360pw
- Real Estate sales appraisal is $500K to $530K!
- Actual rent: $430pw-450pw!
Even though they’re smaller than a standard house package, the price point was perfect for these clients. Besides, all of them have made around $100K in equity!
Can you now see that choosing the location is WAY MORE important than agonising over the size of the land and building package?
Many tenants want convenience/proximity to services and low-maintenance landscaping. These properties fit those criteria. As an investor, we must consider what type of property the demographic wants to live in (not want we would want).
For those that want bigger blocks and houses at your price range, you’ll have to compromise on location… and that concept is flawed when you’re building property portfolios!