We are thrilled to introduce the first of of three...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #41
Welcome to this week’s Success Story!
Jai is a chef in the Navy, in his early 20’s. He first came to us in Sept. 2020. It was clear from the outset that buying a property in his posting location (Sydney) was not feasible.
He was happy living on base – who would not like living on the water in Sydney, adjacent to the facilities that surround Garden Island!
We put a plan in place to acquire a brand new investment property instead. He still has access to his ADF and Govt entitlements… they’re just sitting on the shelf for him to pull the trigger on in the future.
- Purchase price: $474K (FULL turn-key package, ducted a/c etc)
- Site start: August 2021
- Key handover: June 2022 (incl. 95 days of construction delays)
- Expected rent at EOI: $420pw
- Actual rent: $500pw (it took only 3 days to find tenants!)
- Comparable properties a few streets away are now selling for approx. $630K!
This design and floor plan is one of the most popular with this builder. Check out the black fixtures and fittings, coupled with timber-look flooring and the pendant lights above the kitchen bench – that combo is a really modern trend that many people love!
This property is located within a massive master-planned community in Brisbane’s western growth corridor. It’s little wonder why Jai is so happy with this outcome of the combined capital growth and extra rental income!
Imagine doing this for yourself in your early 20’s. His future self will love him for it!
Let us know what you think of this property and this success story!