We are thrilled to introduce the first of of three...Read More
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #66
This amazing double Defence couple is really kicking goals towards their financial future!!
Ms M (RAAF) and Mr R (Army) are both in their mid-20’s. They commenced their property portfolio by building IP#1 with Axon over the 2020/2021 period and that property has since grown in value by approx $250K. Not a bad outcome!
During the AAR process of IP#1 in mid-2021, it was decided they should build their own home (PPOR), trigging access to their ADF and Govt housing entitlements. This included: $15K QLD FHOG, ~$11K HPAS, stamp duty exemption of ~$5,000 and DHOAS subsidies on their loan. What a no-brainer decision. What until you see the numbers!
Important to note… This never was and is not their dream home. They bought it to get their entitlements at the right time and in the right location.
𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲𝘀𝗲 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝘀𝘁𝗮𝘁𝘀:
* Purchase price: $650K (FULL turn-key package)
* Site start: Sept 2022
* Key handover: June 2023
* Comparable properties a few streets away are now selling for approx. $830K!!
The floor plan is functional, with the fixtures and fittings really tying in the place. This property is located in a massive master-planned community near RAAF Amberley in the western growth corridor of Brisbane. This will provide them with ongoing sustained and low-risk capital growth for many years to come. 👏
Looking ahead, they’re both being posted away next year, meaning they’ll live in the house for the minimum period. This key event will see this PPOR transition into IP#2, whereby the property will generate a rent return and they can commence claiming tax benefits. If they choose, they can maintain their DHOAS, so that’ll be 3 x forms of income.
They’re not emotionally tied to the house. They never were. Actually, wait… Yes they are. They’re tied to the numbers (future cashflow and capital growth). When one is in wealth creation mode, that’s the only thing that matters.
We can’t wait to see what’s next for this 🌟 superstar couple!