Success Story

ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #92

This is a success story that emulates the changing circumstances of life many of us go throughโ€ฆ
BLUF: Katie has recently refinanced this amazing investment property to her name, even though she and her previous partner, Ben, built ๐Ÿ—๏ธ the house as a couple.


After being referred to us by Laura (last weekโ€™s success story!), Katie and Ben came to Axon in April 2021. They were both Navy members, living in Sydney and in their early 20โ€™s.


They stated: ๐ต๐‘’๐‘› ๐‘Ž๐‘›๐‘‘ ๐ผ ๐‘Ž๐‘Ÿ๐‘’ ๐‘ ๐‘œ ๐‘’๐‘ฅ๐‘๐‘–๐‘ก๐‘’๐‘‘ ๐‘ก๐‘œ ๐‘ค๐‘œ๐‘Ÿ๐‘˜ ๐‘ค๐‘–๐‘กโ„Ž ๐ด๐‘‹๐‘‚๐‘ ๐‘ƒ๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐บ๐‘Ÿ๐‘œ๐‘ข๐‘. ๐‘Š๐‘’ โ„Ž๐‘Ž๐‘ฃ๐‘’ ๐‘๐‘’๐‘’๐‘› ๐‘–๐‘›๐‘ก๐‘’๐‘Ÿ๐‘’๐‘ ๐‘ก๐‘’๐‘‘ ๐‘–๐‘› ๐‘๐‘ข๐‘ฆ๐‘–๐‘›๐‘” ๐‘Ž๐‘› ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘“๐‘œ๐‘Ÿ ๐‘Ž ๐‘™๐‘–๐‘ก๐‘ก๐‘™๐‘’ ๐‘คโ„Ž๐‘–๐‘™๐‘’ ๐‘›๐‘œ๐‘ค ๐‘Ž๐‘›๐‘‘ ๐‘ค๐‘’ ๐‘๐‘’๐‘™๐‘–๐‘’๐‘ฃ๐‘’ ๐ด๐‘‹๐‘‚๐‘ ๐‘๐‘Ž๐‘› โ„Ž๐‘’๐‘™๐‘ ๐‘ข๐‘  ๐‘ก๐‘œ ๐‘“๐‘’๐‘’๐‘™ ๐‘๐‘œ๐‘›๐‘“๐‘–๐‘‘๐‘’๐‘›๐‘ก ๐‘–๐‘› ๐‘š๐‘Ž๐‘˜๐‘–๐‘›๐‘” ๐‘‘๐‘’๐‘๐‘–๐‘ ๐‘–๐‘œ๐‘›๐‘  ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž๐‘œ๐‘ข๐‘ก ๐‘œ๐‘ข๐‘Ÿ ๐‘—๐‘œ๐‘ข๐‘Ÿ๐‘›๐‘’๐‘ฆ. ๐‘‡โ„Ž๐‘’ ๐‘”๐‘ข๐‘–๐‘‘๐‘Ž๐‘›๐‘๐‘’ ๐‘ค๐‘’ ๐‘Ÿ๐‘’๐‘๐‘’๐‘–๐‘ฃ๐‘’ ๐‘“๐‘Ÿ๐‘œ๐‘š ๐ด๐‘‹๐‘‚๐‘ ๐‘ค๐‘–๐‘™๐‘™ โ„Ž๐‘’๐‘™๐‘ ๐‘ข๐‘  ๐‘”๐‘’๐‘ก ๐‘œ๐‘ข๐‘Ÿ ๐‘“๐‘œ๐‘œ๐‘ก ๐‘–๐‘› ๐‘กโ„Ž๐‘’ ๐‘‘๐‘œ๐‘œ๐‘Ÿ ๐‘Ž๐‘›๐‘‘ โ„Ž๐‘œ๐‘๐‘’๐‘“๐‘ข๐‘™๐‘™๐‘ฆ ๐‘’๐‘›๐‘Ž๐‘๐‘™๐‘’ ๐‘ข๐‘  ๐‘ก๐‘œ ๐‘๐‘Ÿ๐‘’๐‘Ž๐‘ก๐‘’ ๐‘Ž โ„Ž๐‘’๐‘Ž๐‘™๐‘กโ„Ž๐‘ฆ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘๐‘œ๐‘Ÿ๐‘ก๐‘“๐‘œ๐‘™๐‘–๐‘œ.


We discovered during their initial coaching that they would have to embark on a dedicated savings plan for 6 months, to ensure their finances โ›ต sailed through easily. By Sept โ€˜21 they had dropped an EOI on a brand new land and build project in a massive master-planned community in SEQLD. Land registration was still another 12 months away.

ย 
๐“๐š๐ค๐ž ๐š ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ข๐ฌ ๐ก๐จ๐ฎ๐ฌ๐ž (๐ญ๐ก๐ž ๐ฉ๐ก๐จ๐ญ๐จ๐ฌ ๐š๐ซ๐ž ๐ฆ๐ข๐ง๐ญ), ๐š๐ง๐ ๐ญ๐ก๐ž ๐ฌ๐ญ๐š๐ญ๐ฌ ๐š๐ซ๐ž ๐ฌ๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ:
* Purchase price: $567K (4/2/2 house, FULL turnkey)
* Start of construction: March 2023
* Key handover: Dec 2023
* Same land and build value now: ~$750K+
* Rental income: $570pw


As you know, Katie and Ben have gone their separate ways (for those of us that have experienced a serious relationship in our early 20โ€™sโ€ฆ shit happens). During our end-of-build coaching session, Katie was happy and content, now loving life up in Cairns.

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Here is her 5 โญ review (read this one!): ๐ผ ๐‘ ๐‘ก๐‘Ž๐‘Ÿ๐‘ก๐‘’๐‘‘ ๐‘š๐‘ฆ ๐ด๐‘ฅ๐‘œ๐‘› ๐‘—๐‘œ๐‘ข๐‘Ÿ๐‘›๐‘’๐‘ฆ ๐‘–๐‘› ๐‘’๐‘Ž๐‘Ÿ๐‘™๐‘ฆ 2021 ๐‘ค๐‘–๐‘กโ„Ž ๐‘š๐‘ฆ ๐‘กโ„Ž๐‘’๐‘›-๐‘๐‘Ž๐‘Ÿ๐‘ก๐‘›๐‘’๐‘Ÿ. ๐ผ ๐‘ค๐‘Ž๐‘  22 ๐‘Ž๐‘ก ๐‘กโ„Ž๐‘’ ๐‘ก๐‘–๐‘š๐‘’, โ„Ž๐‘Ž๐‘‘ ๐‘๐‘’๐‘’๐‘› ๐‘–๐‘› ๐‘กโ„Ž๐‘’ ๐‘๐‘Ž๐‘ฃ๐‘ฆ ๐‘“๐‘œ๐‘Ÿ ๐‘—๐‘ข๐‘ ๐‘ก ๐‘œ๐‘ฃ๐‘’๐‘Ÿ ๐‘Ž ๐‘ฆ๐‘’๐‘Ž๐‘Ÿ ๐‘Ž๐‘›๐‘‘ ๐‘ค๐‘Ž๐‘  ๐‘–๐‘› ๐‘Ž ๐‘Ÿ๐‘’๐‘™๐‘Ž๐‘ก๐‘–๐‘œ๐‘›๐‘ โ„Ž๐‘–๐‘ ๐‘ค๐‘–๐‘กโ„Ž ๐‘Ž๐‘›๐‘œ๐‘กโ„Ž๐‘’๐‘Ÿ ๐‘ ๐‘’๐‘Ÿ๐‘ฃ๐‘–๐‘›๐‘” ๐‘š๐‘’๐‘š๐‘๐‘’๐‘Ÿ.
๐‘‡โ„Ž๐‘’ ๐ด๐‘ฅ๐‘œ๐‘› ๐‘ก๐‘’๐‘Ž๐‘š ๐‘Ž๐‘Ÿ๐‘’ ๐‘โ„Ž๐‘’๐‘›๐‘œ๐‘š๐‘’๐‘›๐‘Ž๐‘™ ๐‘Ž๐‘ก ๐‘คโ„Ž๐‘Ž๐‘ก ๐‘กโ„Ž๐‘’๐‘ฆ ๐‘‘๐‘œ. ๐‘‚๐‘ฃ๐‘’๐‘Ÿ ๐‘กโ„Ž๐‘’ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘ ๐‘  ๐‘œ๐‘“ ๐‘๐‘ข๐‘–๐‘™๐‘‘๐‘–๐‘›๐‘” ๐‘š๐‘ฆ ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ, ๐‘กโ„Ž๐‘’๐‘ฆ โ„Ž๐‘Ž๐‘ฃ๐‘’ ๐‘ ๐‘ข๐‘๐‘๐‘œ๐‘Ÿ๐‘ก๐‘’๐‘‘ ๐‘š๐‘’ ๐‘กโ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘“๐‘œ๐‘ข๐‘Ÿ ๐‘๐‘œ๐‘ ๐‘ก๐‘–๐‘›๐‘”๐‘ , ๐‘กโ„Ž๐‘Ÿ๐‘’๐‘’ ๐‘‘๐‘’๐‘๐‘™๐‘œ๐‘ฆ๐‘š๐‘’๐‘›๐‘ก๐‘  ๐‘Ž๐‘›๐‘‘ ๐‘Ž ๐‘Ÿ๐‘’๐‘™๐‘Ž๐‘ก๐‘–๐‘œ๐‘›๐‘ โ„Ž๐‘–๐‘ ๐‘๐‘Ÿ๐‘’๐‘Ž๐‘˜๐‘‘๐‘œ๐‘ค๐‘› ๐‘กโ„Ž๐‘Ž๐‘ก ๐‘–๐‘›๐‘๐‘œ๐‘›๐‘ฃ๐‘’๐‘›๐‘–๐‘’๐‘›๐‘ก๐‘™๐‘ฆ โ„Ž๐‘Ž๐‘๐‘๐‘’๐‘›๐‘’๐‘‘ ๐‘Ÿ๐‘–๐‘”โ„Ž๐‘ก ๐‘Ž๐‘“๐‘ก๐‘’๐‘Ÿ ๐‘œ๐‘ข๐‘Ÿ ๐‘™๐‘Ž๐‘›๐‘‘ ๐‘ ๐‘’๐‘ก๐‘ก๐‘™๐‘’๐‘‘.


๐ท๐‘’๐‘Ž๐‘™๐‘–๐‘›๐‘” ๐‘ค๐‘–๐‘กโ„Ž ๐‘Ž ๐‘Ÿ๐‘’๐‘™๐‘Ž๐‘ก๐‘–๐‘œ๐‘›๐‘ โ„Ž๐‘–๐‘ ๐‘๐‘Ÿ๐‘’๐‘Ž๐‘˜๐‘‘๐‘œ๐‘ค๐‘› ๐‘คโ„Ž๐‘–๐‘™๐‘’ ๐‘กโ„Ž๐‘’ โ„Ž๐‘œ๐‘ข๐‘ ๐‘’ ๐‘ค๐‘Ž๐‘  ๐‘ ๐‘ก๐‘–๐‘™๐‘™ ๐‘ข๐‘›๐‘‘๐‘’๐‘Ÿ ๐‘๐‘œ๐‘›๐‘ ๐‘ก๐‘Ÿ๐‘ข๐‘๐‘ก๐‘–๐‘œ๐‘› ๐‘ค๐‘Ž๐‘  ๐‘’๐‘ฅ๐‘ก๐‘Ÿ๐‘’๐‘š๐‘’๐‘™๐‘ฆ ๐‘ ๐‘ก๐‘Ÿ๐‘’๐‘ ๐‘ ๐‘“๐‘ข๐‘™ ๐‘Ž๐‘›๐‘‘ ๐‘‘๐‘Ž๐‘ข๐‘›๐‘ก๐‘–๐‘›๐‘”. ๐‘‡โ„Ž๐‘’๐‘Ÿ๐‘’ ๐‘ค๐‘’๐‘Ÿ๐‘’ ๐‘ ๐‘œ ๐‘š๐‘Ž๐‘›๐‘ฆ ๐‘œ๐‘๐‘ ๐‘ก๐‘Ž๐‘๐‘™๐‘’๐‘  ๐‘–๐‘› ๐‘Ž๐‘‘๐‘‘๐‘–๐‘ก๐‘–๐‘œ๐‘› ๐‘ก๐‘œ ๐‘“๐‘–๐‘›๐‘Ž๐‘™๐‘–๐‘ ๐‘–๐‘›๐‘” ๐‘กโ„Ž๐‘’ ๐‘๐‘ข๐‘–๐‘™๐‘‘ (๐ถ๐‘œ๐‘›๐‘ ๐‘’๐‘›๐‘ก ๐‘‚๐‘Ÿ๐‘‘๐‘’๐‘Ÿ๐‘ , ๐‘…๐‘’๐‘“๐‘–๐‘›๐‘Ž๐‘›๐‘๐‘–๐‘›๐‘”, ๐‘‡๐‘Ÿ๐‘Ž๐‘›๐‘ ๐‘“๐‘’๐‘Ÿ ๐‘๐‘Ž๐‘๐‘’๐‘Ÿ๐‘ ). ๐น๐‘Ÿ๐‘Ž๐‘› ๐‘ค๐‘Ž๐‘  ๐‘š๐‘ฆ ๐ต๐‘ข๐‘–๐‘™๐‘‘ ๐‘€๐‘Ž๐‘›๐‘Ž๐‘”๐‘’๐‘Ÿ ๐‘Ž๐‘›๐‘‘ ๐ผ ๐‘๐‘œ๐‘ข๐‘™๐‘‘๐‘›โ€™๐‘ก โ„Ž๐‘Ž๐‘ฃ๐‘’ ๐‘Ž๐‘ ๐‘˜๐‘’๐‘‘ ๐‘“๐‘œ๐‘Ÿ ๐‘Ž ๐‘š๐‘œ๐‘Ÿ๐‘’ ๐‘’๐‘š๐‘๐‘Ž๐‘กโ„Ž๐‘’๐‘ก๐‘–๐‘, ๐‘ข๐‘›๐‘‘๐‘’๐‘Ÿ๐‘ ๐‘ก๐‘Ž๐‘›๐‘‘๐‘–๐‘›๐‘”, ๐‘”๐‘’๐‘›๐‘ข๐‘–๐‘›๐‘’ ๐‘Ž๐‘›๐‘‘ ๐‘’๐‘š๐‘œ๐‘ก๐‘–๐‘œ๐‘›๐‘Ž๐‘™๐‘™๐‘ฆ ๐‘–๐‘›๐‘ก๐‘’๐‘™๐‘™๐‘–๐‘”๐‘’๐‘›๐‘ก ๐‘ค๐‘œ๐‘š๐‘Ž๐‘› ๐‘ก๐‘œ ๐‘ ๐‘ข๐‘๐‘๐‘œ๐‘Ÿ๐‘ก ๐‘š๐‘’ ๐‘‘๐‘ข๐‘Ÿ๐‘–๐‘›๐‘” ๐‘กโ„Ž๐‘–๐‘  ๐‘ก๐‘–๐‘š๐‘’.


๐‘…๐‘œ๐‘๐‘๐‘–๐‘’ โ„Ž๐‘Ž๐‘  ๐‘๐‘’๐‘’๐‘› ๐‘ข๐‘›๐‘Ÿ๐‘’๐‘Ž๐‘™ ๐‘ ๐‘–๐‘›๐‘๐‘’ ๐‘กโ„Ž๐‘’ ๐‘“๐‘–๐‘Ÿ๐‘ ๐‘ก ๐ถ๐‘œ๐‘›๐‘›๐‘’๐‘๐‘ก๐‘–๐‘œ๐‘› ๐ถ๐‘Ž๐‘™๐‘™, โ„Ž๐‘’ ๐‘–๐‘  ๐‘Ž๐‘› ๐‘Ž๐‘š๐‘Ž๐‘ง๐‘–๐‘›๐‘” ๐‘š๐‘’๐‘›๐‘ก๐‘œ๐‘Ÿ ๐‘Ž๐‘›๐‘‘ ๐‘Ÿ๐‘’๐‘Ž๐‘™๐‘™๐‘ฆ ๐‘˜๐‘’๐‘๐‘ก ๐‘š๐‘ฆ ๐‘“๐‘–๐‘Ÿ๐‘’ ๐‘Ž๐‘™๐‘–๐‘ฃ๐‘’ ๐‘ก๐‘œ ๐‘๐‘’๐‘Ÿ๐‘ ๐‘’๐‘ฃ๐‘’๐‘Ÿ๐‘’ ๐‘Ž๐‘›๐‘‘ ๐‘ ๐‘Ž๐‘™๐‘ฃ๐‘Ž๐‘”๐‘’ ๐‘กโ„Ž๐‘’ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก. ๐‘‡โ„Ž๐‘Ÿ๐‘œ๐‘ข๐‘”โ„Ž ๐‘…๐‘œ๐‘๐‘๐‘–๐‘’ ๐‘Ž๐‘›๐‘‘ ๐น๐‘Ÿ๐‘Ž๐‘›โ€™๐‘  ๐‘ ๐‘ข๐‘๐‘๐‘œ๐‘Ÿ๐‘ก, ๐ผ ๐‘ค๐‘Ž๐‘  ๐‘Ž๐‘๐‘™๐‘’ ๐‘ก๐‘œ ๐‘๐‘œ๐‘š๐‘’ ๐‘œ๐‘ข๐‘ก ๐‘œ๐‘“ ๐‘กโ„Ž๐‘–๐‘  ๐‘—๐‘œ๐‘ข๐‘Ÿ๐‘›๐‘’๐‘ฆ ๐‘ค๐‘–๐‘กโ„Ž ๐‘กโ„Ž๐‘’ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘๐‘Ÿ๐‘œ๐‘๐‘’๐‘Ÿ๐‘ก๐‘ฆ ๐‘–๐‘› ๐‘š๐‘ฆ ๐‘›๐‘Ž๐‘š๐‘’.


๐‘‡โ„Ž๐‘’ ๐‘ ๐‘ข๐‘๐‘๐‘’๐‘ ๐‘  ๐‘œ๐‘“ ๐‘š๐‘ฆ ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก ๐‘–๐‘  ๐‘“๐‘Ž๐‘Ÿ ๐‘๐‘’๐‘ฆ๐‘œ๐‘›๐‘‘ ๐‘คโ„Ž๐‘Ž๐‘ก ๐ผ ๐‘๐‘œ๐‘ข๐‘™๐‘‘ โ„Ž๐‘Ž๐‘ฃ๐‘’ ๐‘’๐‘ฃ๐‘’๐‘Ÿ ๐‘–๐‘š๐‘Ž๐‘”๐‘–๐‘›๐‘’๐‘‘. ๐ผ ๐‘๐‘œ๐‘ข๐‘™๐‘‘๐‘›โ€™๐‘ก ๐‘Ÿ๐‘’๐‘๐‘œ๐‘š๐‘š๐‘’๐‘›๐‘‘ ๐ด๐‘ฅ๐‘œ๐‘› โ„Ž๐‘–๐‘”โ„Ž๐‘™๐‘ฆ ๐‘’๐‘›๐‘œ๐‘ข๐‘”โ„Ž.


Let us know what you think of this property and the story! ๐Ÿ™Œ