Success Story

ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #65

After being referred to Axon from some other superstar clients, Jess and Perry came to us in March 2021. They were a double-Defence DINK couple, in their mid-20โ€™s, posted in separate locations under MWD(U) status.

Their main reason for engaging Axon was to build an investment property portfolio, so they can buy their dream home ๐Ÿคฉ one day. Every Defence member or Veteran deserves to be in their dream home at some stage!
They had been smart with their money mindset and savings routine. This outlook saw them sit perfectly with just the right amount of cash for the deposit and costs for their first investment property.
 
Perry, an Army Diesel Mechanic, had already commenced discharge action to jump into FIFO in WA. From the get-go, it was imperative that Axon did all the ๐Ÿ‹๏ธ heavy lifting for them so they could focus on important life events. 
 
๐—–๐—ต๐—ฒ๐—ฐ๐—ธ ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ฒ๐˜€๐˜€๐—ถ๐˜ƒ๐—ฒ ๐˜€๐˜๐—ฎ๐˜๐˜€:
* Purchase price: $673K (FULL turn-key package)
* Expected rent at EOI: $600pw
* Site start: March 2022
* Key handover: March 2023 (yes, this was a 12-month build)
* Actual rent: $710pw (only 4 days to find suitable tenants)
 
Comparable properties a few streets away are now selling for approx. $850K+
 
Iโ€™ve included their recent 5โญ review, so you can read how their journey has been. Itโ€™s little wonder they are fkn stoked with this project!
 
The property is NOT located in a big, sprawling master-planned community. As you can see from the images, this is a boutique ‘infilโ€™ estate located in a very established area of Brisbaneโ€™s Southside. Itโ€™s literally 10min to everything. These opportunities are scarce, and the sliding door moment just happened to line up for Jess and Perry. Looking ahead, Perry is loving his new career in the โ›๏ธ mining sector, and Jess has been posted to Perth, so theyโ€™re living together. Based on the performance of this property they have already submitted an EOI for IP#2, which is another banging 2-storey house in another location, which brings in diversification straight away.
 
Their dream will be amazing at this rate!