ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY OF TWO YOUNG NAVY MEMBERS

This is a success story that emulates the changing circumstances of life many of us go through…
BLUF: Katie has recently refinanced this amazing investment property to her name, even though she and her previous partner, Ben, built 🏗️ the house as a couple.

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

They stated: 𝐵𝑒𝑛 𝑎𝑛𝑑 𝐼 𝑎𝑟𝑒 𝑠𝑜 𝑒𝑥𝑐𝑖𝑡𝑒𝑑 𝑡𝑜 𝑤𝑜𝑟𝑘 𝑤𝑖𝑡ℎ 𝐴𝑋𝑂𝑁 𝑃𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝐺𝑟𝑜𝑢𝑝. 𝑊𝑒 ℎ𝑎𝑣𝑒 𝑏𝑒𝑒𝑛 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡𝑒𝑑 𝑖𝑛 𝑏𝑢𝑦𝑖𝑛𝑔 𝑎𝑛 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑓𝑜𝑟 𝑎 𝑙𝑖𝑡𝑡𝑙𝑒 𝑤ℎ𝑖𝑙𝑒 𝑛𝑜𝑤 𝑎𝑛𝑑 𝑤𝑒 𝑏𝑒𝑙𝑖𝑒𝑣𝑒 𝐴𝑋𝑂𝑁 𝑐𝑎𝑛 ℎ𝑒𝑙𝑝 𝑢𝑠 𝑡𝑜 𝑓𝑒𝑒𝑙 𝑐𝑜𝑛𝑓𝑖𝑑𝑒𝑛𝑡 𝑖𝑛 𝑚𝑎𝑘𝑖𝑛𝑔 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛𝑠 𝑡ℎ𝑟𝑜𝑢𝑔ℎ𝑜𝑢𝑡 𝑜𝑢𝑟 𝑗𝑜𝑢𝑟𝑛𝑒𝑦. 𝑇ℎ𝑒 𝑔𝑢𝑖𝑑𝑎𝑛𝑐𝑒 𝑤𝑒 𝑟𝑒𝑐𝑒𝑖𝑣𝑒 𝑓𝑟𝑜𝑚 𝐴𝑋𝑂𝑁 𝑤𝑖𝑙𝑙 ℎ𝑒𝑙𝑝 𝑢𝑠 𝑔𝑒𝑡 𝑜𝑢𝑟 𝑓𝑜𝑜𝑡 𝑖𝑛 𝑡ℎ𝑒 𝑑𝑜𝑜𝑟 𝑎𝑛𝑑 ℎ𝑜𝑝𝑒𝑓𝑢𝑙𝑙𝑦 𝑒𝑛𝑎𝑏𝑙𝑒 𝑢𝑠 𝑡𝑜 𝑐𝑟𝑒𝑎𝑡𝑒 𝑎 ℎ𝑒𝑎𝑙𝑡ℎ𝑦 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑝𝑜𝑟𝑡𝑓𝑜𝑙𝑖𝑜.

We discovered during their initial coaching that they would have to embark on a dedicated savings plan for 6 months, to ensure their finances ⛵ sailed through easily. By Sept ‘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.

 
𝐓𝐚𝐤𝐞 𝐚 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐢𝐬 𝐡𝐨𝐮𝐬𝐞 (𝐭𝐡𝐞 𝐩𝐡𝐨𝐭𝐨𝐬 𝐚𝐫𝐞 𝐦𝐢𝐧𝐭), 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐬𝐭𝐚𝐭𝐬 𝐚𝐫𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭:
* 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 20’s… shit happens). During our end-of-build coaching session, Katie was happy and content, now loving life up in Cairns.

 
Here is her 5 ⭐ review (read this one!): 𝐼 𝑠𝑡𝑎𝑟𝑡𝑒𝑑 𝑚𝑦 𝐴𝑥𝑜𝑛 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑖𝑛 𝑒𝑎𝑟𝑙𝑦 2021 𝑤𝑖𝑡ℎ 𝑚𝑦 𝑡ℎ𝑒𝑛-𝑝𝑎𝑟𝑡𝑛𝑒𝑟. 𝐼 𝑤𝑎𝑠 22 𝑎𝑡 𝑡ℎ𝑒 𝑡𝑖𝑚𝑒, ℎ𝑎𝑑 𝑏𝑒𝑒𝑛 𝑖𝑛 𝑡ℎ𝑒 𝑁𝑎𝑣𝑦 𝑓𝑜𝑟 𝑗𝑢𝑠𝑡 𝑜𝑣𝑒𝑟 𝑎 𝑦𝑒𝑎𝑟 𝑎𝑛𝑑 𝑤𝑎𝑠 𝑖𝑛 𝑎 𝑟𝑒𝑙𝑎𝑡𝑖𝑜𝑛𝑠ℎ𝑖𝑝 𝑤𝑖𝑡ℎ 𝑎𝑛𝑜𝑡ℎ𝑒𝑟 𝑠𝑒𝑟𝑣𝑖𝑛𝑔 𝑚𝑒𝑚𝑏𝑒𝑟.
𝑇ℎ𝑒 𝐴𝑥𝑜𝑛 𝑡𝑒𝑎𝑚 𝑎𝑟𝑒 𝑝ℎ𝑒𝑛𝑜𝑚𝑒𝑛𝑎𝑙 𝑎𝑡 𝑤ℎ𝑎𝑡 𝑡ℎ𝑒𝑦 𝑑𝑜. 𝑂𝑣𝑒𝑟 𝑡ℎ𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑜𝑓 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑚𝑦 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦, 𝑡ℎ𝑒𝑦 ℎ𝑎𝑣𝑒 𝑠𝑢𝑝𝑝𝑜𝑟𝑡𝑒𝑑 𝑚𝑒 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑓𝑜𝑢𝑟 𝑝𝑜𝑠𝑡𝑖𝑛𝑔𝑠, 𝑡ℎ𝑟𝑒𝑒 𝑑𝑒𝑝𝑙𝑜𝑦𝑚𝑒𝑛𝑡𝑠 𝑎𝑛𝑑 𝑎 𝑟𝑒𝑙𝑎𝑡𝑖𝑜𝑛𝑠ℎ𝑖𝑝 𝑏𝑟𝑒𝑎𝑘𝑑𝑜𝑤𝑛 𝑡ℎ𝑎𝑡 𝑖𝑛𝑐𝑜𝑛𝑣𝑒𝑛𝑖𝑒𝑛𝑡𝑙𝑦 ℎ𝑎𝑝𝑝𝑒𝑛𝑒𝑑 𝑟𝑖𝑔ℎ𝑡 𝑎𝑓𝑡𝑒𝑟 𝑜𝑢𝑟 𝑙𝑎𝑛𝑑 𝑠𝑒𝑡𝑡𝑙𝑒𝑑.

𝐷𝑒𝑎𝑙𝑖𝑛𝑔 𝑤𝑖𝑡ℎ 𝑎 𝑟𝑒𝑙𝑎𝑡𝑖𝑜𝑛𝑠ℎ𝑖𝑝 𝑏𝑟𝑒𝑎𝑘𝑑𝑜𝑤𝑛 𝑤ℎ𝑖𝑙𝑒 𝑡ℎ𝑒 ℎ𝑜𝑢𝑠𝑒 𝑤𝑎𝑠 𝑠𝑡𝑖𝑙𝑙 𝑢𝑛𝑑𝑒𝑟 𝑐𝑜𝑛𝑠𝑡𝑟𝑢𝑐𝑡𝑖𝑜𝑛 𝑤𝑎𝑠 𝑒𝑥𝑡𝑟𝑒𝑚𝑒𝑙𝑦 𝑠𝑡𝑟𝑒𝑠𝑠𝑓𝑢𝑙 𝑎𝑛𝑑 𝑑𝑎𝑢𝑛𝑡𝑖𝑛𝑔. 𝑇ℎ𝑒𝑟𝑒 𝑤𝑒𝑟𝑒 𝑠𝑜 𝑚𝑎𝑛𝑦 𝑜𝑏𝑠𝑡𝑎𝑐𝑙𝑒𝑠 𝑖𝑛 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛 𝑡𝑜 𝑓𝑖𝑛𝑎𝑙𝑖𝑠𝑖𝑛𝑔 𝑡ℎ𝑒 𝑏𝑢𝑖𝑙𝑑 (𝐶𝑜𝑛𝑠𝑒𝑛𝑡 𝑂𝑟𝑑𝑒𝑟𝑠, 𝑅𝑒𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑛𝑔, 𝑇𝑟𝑎𝑛𝑠𝑓𝑒𝑟 𝑝𝑎𝑝𝑒𝑟𝑠). 𝐹𝑟𝑎𝑛 𝑤𝑎𝑠 𝑚𝑦 𝐵𝑢𝑖𝑙𝑑 𝑀𝑎𝑛𝑎𝑔𝑒𝑟 𝑎𝑛𝑑 𝐼 𝑐𝑜𝑢𝑙𝑑𝑛’𝑡 ℎ𝑎𝑣𝑒 𝑎𝑠𝑘𝑒𝑑 𝑓𝑜𝑟 𝑎 𝑚𝑜𝑟𝑒 𝑒𝑚𝑝𝑎𝑡ℎ𝑒𝑡𝑖𝑐, 𝑢𝑛𝑑𝑒𝑟𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔, 𝑔𝑒𝑛𝑢𝑖𝑛𝑒 𝑎𝑛𝑑 𝑒𝑚𝑜𝑡𝑖𝑜𝑛𝑎𝑙𝑙𝑦 𝑖𝑛𝑡𝑒𝑙𝑙𝑖𝑔𝑒𝑛𝑡 𝑤𝑜𝑚𝑎𝑛 𝑡𝑜 𝑠𝑢𝑝𝑝𝑜𝑟𝑡 𝑚𝑒 𝑑𝑢𝑟𝑖𝑛𝑔 𝑡ℎ𝑖𝑠 𝑡𝑖𝑚𝑒.

𝑅𝑜𝑏𝑏𝑖𝑒 ℎ𝑎𝑠 𝑏𝑒𝑒𝑛 𝑢𝑛𝑟𝑒𝑎𝑙 𝑠𝑖𝑛𝑐𝑒 𝑡ℎ𝑒 𝑓𝑖𝑟𝑠𝑡 𝐶𝑜𝑛𝑛𝑒𝑐𝑡𝑖𝑜𝑛 𝐶𝑎𝑙𝑙, ℎ𝑒 𝑖𝑠 𝑎𝑛 𝑎𝑚𝑎𝑧𝑖𝑛𝑔 𝑚𝑒𝑛𝑡𝑜𝑟 𝑎𝑛𝑑 𝑟𝑒𝑎𝑙𝑙𝑦 𝑘𝑒𝑝𝑡 𝑚𝑦 𝑓𝑖𝑟𝑒 𝑎𝑙𝑖𝑣𝑒 𝑡𝑜 𝑝𝑒𝑟𝑠𝑒𝑣𝑒𝑟𝑒 𝑎𝑛𝑑 𝑠𝑎𝑙𝑣𝑎𝑔𝑒 𝑡ℎ𝑒 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡. 𝑇ℎ𝑟𝑜𝑢𝑔ℎ 𝑅𝑜𝑏𝑏𝑖𝑒 𝑎𝑛𝑑 𝐹𝑟𝑎𝑛’𝑠 𝑠𝑢𝑝𝑝𝑜𝑟𝑡, 𝐼 𝑤𝑎𝑠 𝑎𝑏𝑙𝑒 𝑡𝑜 𝑐𝑜𝑚𝑒 𝑜𝑢𝑡 𝑜𝑓 𝑡ℎ𝑖𝑠 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑖𝑛 𝑚𝑦 𝑛𝑎𝑚𝑒.

𝑇ℎ𝑒 𝑠𝑢𝑐𝑐𝑒𝑠𝑠 𝑜𝑓 𝑚𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑖𝑠 𝑓𝑎𝑟 𝑏𝑒𝑦𝑜𝑛𝑑 𝑤ℎ𝑎𝑡 𝐼 𝑐𝑜𝑢𝑙𝑑 ℎ𝑎𝑣𝑒 𝑒𝑣𝑒𝑟 𝑖𝑚𝑎𝑔𝑖𝑛𝑒𝑑. 𝐼 𝑐𝑜𝑢𝑙𝑑𝑛’𝑡 𝑟𝑒𝑐𝑜𝑚𝑚𝑒𝑛𝑑 𝐴𝑥𝑜𝑛 ℎ𝑖𝑔ℎ𝑙𝑦 𝑒𝑛𝑜𝑢𝑔ℎ.

Let us know what you think of this property and the story! 🙌