We are thrilled to introduce the first of of three...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #60
This is a success story that should inspire you all! This tale is about a couple that has built their 3rd property with us, with a 4th already underway and a 5th secured for a build start later this year. 💪
Aaron built his first 2 investment properties by himself whilst Meggan watched the race go by. They’re a double-defence couple (Navy) posted to WA. This 3rd property saw Meggan come aboard (pun intended!), so she could experience what it’s like to receive the Axon service. 💥
It’s been wonderful to see her ADF career blossom. As a CPO that’s recently 𝑔𝑜𝑛𝑒 𝑡𝑜 𝑡ℎ𝑒 𝑑𝑎𝑟𝑘 𝑠𝑖𝑑𝑒, the new lease on life as a Navy Officer 🚢 is wonderful to see (as many of you know, that forms part of my ADF career).
Check out these impressive stats:
* Purchase price: $727K (FULL turn-key package)
* Site start: April 2022
* Key handover: Dec 2022 (𝐧𝐨 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐝𝐞𝐥𝐚𝐲𝐬)
* Expected rent at EOI: $550pw
* Actual rent: $645pw (approx $5Kpa extra rent!)
* Comparable properties a few streets away are now selling for approx. $900K (~$𝟏𝟓𝟎𝐊 𝐠𝐫𝐨𝐰𝐭𝐡)
The property is located in a boutique master-planned community in Brisbane’s Bayside. This is not a brand-new, expanding area…it’s ‘old money’ in this region, with very established amenities and some of the best school catchment zones in Brisbane. Families with money love that!
Now, this is a modest size block and house (350m block and 188m house), and some would scoff at these (smaller) dimensions, but the stats don’t lie. A ‘middle of the market’ dwelling, within your budget, located in a great area, is the only thing that matters. Enough said!
Looking ahead, Aaron and Meggan have commenced the build for IP#4. Aaron is on a ship for the next 5 months, so Meggan will do this build with Axon solo. They have already secured an EOI for IP#5. Once these houses are sitting in the market, they’ll likely start a family.
This success story is DINK-life (for now) to a tee. We are so honoured and humbled to be a pivotal part of their wealth-creation journey! 🙂
This story should inspire you to get started and keep being committed to your own success!