Success Story

ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #61

This is another success story that should inspire you all!

H and S are a Defence couple posted to Canberra. After watching our πŸ“– education and training series, they have maintained a β€˜rent-vesting’ option for the past few years. To her credit, H bought their first investment property with Axon over the 2019-2020 period. That house has appreciated πŸ“ˆ in value by over $200K. Not a bad result…

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In Feb 2021, we put a plan in place for S to join the party to acquire IP#2, using approx. $100K of equity from IP#1 as the deposit and costs. This concept protected H and S’s cash holdings. As a DINK couple, it was a no-brainer that they continue building πŸ‹οΈβ€β™‚οΈ πŸ‹οΈβ€β™€οΈ wealth. Without doubt, the confidence they had in doing things β€˜the Axon way’ helped a lot.

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𝐼’𝑣𝑒 𝑖𝑛𝑐𝑙𝑒𝑑𝑒𝑑 π‘‘β„Žπ‘’π‘–π‘Ÿ π‘Ÿπ‘’π‘π‘’π‘›π‘‘ 5* π‘Ÿπ‘’π‘£π‘–π‘’π‘€, π‘ π‘œ π‘¦π‘œπ‘’ π‘π‘Žπ‘› π‘Ÿπ‘’π‘Žπ‘‘ β„Žπ‘œπ‘€ π‘‘β„Žπ‘’π‘–π‘Ÿ π‘—π‘œπ‘’π‘Ÿπ‘›π‘’π‘¦ β„Žπ‘Žπ‘  𝑏𝑒𝑒𝑛 𝑖𝑛 π‘‘β„Žπ‘’π‘–π‘Ÿ π‘œπ‘€π‘› π‘€π‘œπ‘Ÿπ‘‘π‘ .

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Check out these impressive stats:
* Purchase price: $607K (FULL turn-key package)
* Site start: July 2022
* Key handover: March 2023
* Expected rent at EOI: $580pw
* Actual rent: $635pw
* Comparable properties a few streets away are now selling for approx. $750K (~$πŸπŸ“πŸŽπŠ 𝐠𝐫𝐨𝐰𝐭𝐑)


The property is located in a master-planned community in SEQLD that has years and years of growth still to come.
Let’s talk rent: other properties were on the market at $650pw, sitting there for a couple ⏱️ of weeks, going head-to-head with each other, β€˜hoping’ a tenant would prefer their property over another. As per Axon’s risk management guide, H and S put their property on at $635pw and got tenants in a few days – model clients with their Axon’s firing properly!

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Fast forward to now… H (a veteran) and S are posting to Darwin next year. After this posting, they’ll likely settle in Canberra and buy 😲 their long-term home. Life could not be better!