ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY OF DOUBLE-ARMY COUPLE

Chris and Erin first came to us back in Oct 2021. One of Axon’s previous team members (Adam) sent them our way, which we are very grateful for. 🥲 As you know, the Defence community is very small and everyone knows someone…

Both serving in the Army, they were living in Sydney. Chris was providing expert signal capabilities at Holsworthy, and Erin was a weapon Clerk (on MAT Leave at the time). They had IP#1 already, a unit in Liverpool, which was Erin’s own home from 2017. Chris had already commenced scoping 🔭 for jobs to support his likely separation from the ADF. He said something like, I can’t go back to normal Army after serving down here for the last few years. Yep, that sentiment certainly resonated with me! 🫡

In their profile, they stated: 𝐴𝑓𝑡𝑒𝑟 𝑤𝑎𝑡𝑐ℎ𝑖𝑛𝑔 𝑡ℎ𝑒 𝑣𝑖𝑑𝑒𝑜𝑠, 𝑙𝑖𝑠𝑡𝑒𝑛𝑖𝑛𝑔 𝑡𝑜 𝑠𝑜𝑚𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑝𝑜𝑑𝑐𝑎𝑠𝑡𝑠, 𝑎𝑛𝑑 𝑡𝑎𝑙𝑘𝑖𝑛𝑔 𝑡𝑜 𝑅𝑜𝑏𝑏𝑖𝑒 𝑎𝑛𝑑 𝐴𝑑𝑎𝑚 𝑑𝑢𝑟𝑖𝑛𝑔 𝑜𝑢𝑟 20-𝑚𝑖𝑛𝑢𝑡𝑒 𝑐𝑜𝑛𝑛𝑒𝑐𝑡𝑖𝑜𝑛 𝑐𝑎𝑙𝑙, 𝑤𝑒 𝑏𝑒𝑙𝑖𝑒𝑣𝑒 𝐴𝑋𝑂𝑁 𝑐𝑎𝑛 𝑐𝑜𝑎𝑐ℎ 𝑎𝑛𝑑 𝑚𝑒𝑛𝑡𝑜𝑟 𝑢𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑟𝑖𝑔ℎ𝑡 𝑑𝑖𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝑡𝑜 𝑢𝑛𝑑𝑒𝑟𝑠𝑡𝑎𝑛𝑑 𝑡ℎ𝑒 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑚𝑎𝑟𝑘𝑒𝑡 𝑖𝑛 𝑜𝑟𝑑𝑒𝑟 𝑡𝑜 𝑏𝑢𝑖𝑙𝑑 𝑎 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑜𝑟𝑡𝑓𝑜𝑙𝑖𝑜 𝑎𝑛𝑑 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒 𝑜𝑢𝑟 𝑓𝑢𝑡𝑢𝑟𝑒 ℎ𝑜𝑚𝑒.

𝑂𝑢𝑟 𝑐𝑜𝑛𝑓𝑖𝑑𝑒𝑛𝑐𝑒 𝑔𝑟𝑒𝑤 𝑎𝑓𝑡𝑒𝑟 𝑠𝑝𝑒𝑎𝑘𝑖𝑛𝑔 𝑤𝑖𝑡ℎ 𝑅𝑜𝑏𝑏𝑖𝑒 𝑎𝑛𝑑 𝐴𝑑𝑎𝑚 𝑎𝑠 𝑡ℎ𝑒𝑦 𝑠ℎ𝑜𝑤𝑒𝑑 𝑡ℎ𝑒𝑖𝑟 𝑝𝑎𝑠𝑠𝑖𝑜𝑛, 𝑒𝑛𝑒𝑟𝑔𝑦, 𝑎𝑛𝑑 𝑘𝑛𝑜𝑤𝑙𝑒𝑑𝑔𝑒 𝑖𝑛 ℎ𝑒𝑙𝑝𝑖𝑛𝑔 𝑣𝑒𝑡𝑒𝑟𝑎𝑛𝑠 𝑠𝑡𝑎𝑟𝑡 𝑡ℎ𝑒𝑖𝑟 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑚𝑎𝑟𝑘𝑒𝑡.

Chris and Erin had been excellent with their finances, managing cash flow for IP#1 and plenty of cash in the bank for the deposit and costs to acquire IP#2.

 
𝐓𝐚𝐤𝐞 𝐚 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐢𝐬 𝐡𝐨𝐮𝐬𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐬𝐭𝐚𝐭𝐬:
* Purchase price: $657K (4/2/2 house, FULL turnkey)
* Land settlement: Sept 2022
* Key handover: Oct 2023 (this build did experience some delays with numerous trades)
* Same land and build value now: ~$750K
* Rental income: $610pw

Fast forward to now: Chris and Erin are living in Brisbane. Chris has successfully transitioned out of the ADF and is working 👨‍💻 in the same Technical Engineer sector (providing services back to Defence). Erin is still serving (for now…)
The Liverpool unit has been sold, 👶 baby #2 is underway, and they are house hunting for their own home. Brisbane will be home for the foreseeable future, so they may as well get settled properly.

 
During our recent end-of-build coaching session they gave this 5⭐ review:
𝑀𝑦 ℎ𝑢𝑠𝑏𝑎𝑛𝑑 𝑎𝑛𝑑 𝐼 𝑠𝑡𝑎𝑟𝑡𝑒𝑑 𝑜𝑢𝑟 𝑗𝑜𝑢𝑟𝑛𝑒𝑦 𝑤𝑖𝑡ℎ 𝐴𝑥𝑜𝑛 𝑖𝑛 𝑂𝑐𝑡𝑜𝑏𝑒𝑟 2021. 𝑊𝑒 ℎ𝑎𝑑 𝑠𝑝𝑜𝑘𝑒𝑛 𝑤𝑖𝑡ℎ 𝑓𝑟𝑖𝑒𝑛𝑑𝑠 𝑤ℎ𝑜 𝑒𝑎𝑐ℎ ℎ𝑎𝑑 𝑎 𝑔𝑟𝑒𝑎𝑡 𝑒𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑐𝑜𝑚𝑝𝑎𝑛𝑦, 𝐴𝑥𝑜𝑛 𝑎𝑠𝑠𝑖𝑠𝑡𝑒𝑑 𝑜𝑢𝑟 𝑓𝑟𝑖𝑒𝑛𝑑𝑠 𝑖𝑛 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑖𝑛𝑔 𝑡ℎ𝑒𝑖𝑟 𝑜𝑤𝑛 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦, 𝑎𝑛𝑑 𝑤𝑒 𝑤𝑎𝑛𝑡𝑒𝑑 𝑡𝑜 𝑔𝑖𝑣𝑒 𝑡ℎ𝑒 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑎 𝑔𝑜 𝑓𝑜𝑟 𝑜𝑢𝑟𝑠𝑒𝑙𝑣𝑒𝑠. 𝑊𝑒 𝑤𝑒𝑟𝑒 𝑓𝑜𝑟𝑡𝑢𝑛𝑎𝑡𝑒 𝑡𝑜 ℎ𝑎𝑣𝑒 𝑜𝑢𝑟 𝑖𝑛𝑖𝑡𝑖𝑎𝑙 𝑐𝑜𝑎𝑐ℎ𝑖𝑛𝑔 𝑐𝑎𝑙𝑙 𝑤𝑖𝑡ℎ 𝑅𝑜𝑏𝑏𝑖𝑒 (𝐹𝑜𝑢𝑛𝑑𝑒𝑟/𝐶𝐸𝑂), 𝑤ℎ𝑜 ℎ𝑒𝑙𝑝𝑒𝑑 𝑢𝑠 𝑠𝑒𝑡 𝑔𝑜𝑎𝑙𝑠 𝑎𝑛𝑑 𝑚𝑎𝑝 𝑜𝑢𝑡 𝑎 𝑝𝑒𝑟𝑠𝑜𝑛𝑎𝑙𝑖𝑠𝑒𝑑 𝑝𝑙𝑎𝑛 𝑓𝑜𝑟 𝑜𝑢𝑟 𝑓𝑢𝑡𝑢𝑟𝑒. 𝐴𝑥𝑜𝑛 𝑑𝑖𝑑 𝑚𝑜𝑟𝑒 𝑡ℎ𝑎𝑛 𝑡𝑎𝑘𝑒 𝑐ℎ𝑎𝑟𝑔𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑒𝑛𝑡𝑖𝑟𝑒 𝑙𝑒𝑛𝑑𝑖𝑛𝑔/𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒/𝑏𝑢𝑖𝑙𝑑/𝑡𝑒𝑛𝑎𝑛𝑐𝑦 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑓𝑜𝑟 𝑢𝑠. 𝑇ℎ𝑒𝑦 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑑 𝑢𝑠 𝑤𝑖𝑡ℎ 𝑟𝑒𝑠𝑜𝑢𝑟𝑐𝑒𝑠 𝑤𝑒 𝑐𝑜𝑢𝑙𝑑 𝑟𝑒𝑎𝑑 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑡𝑜 𝑒𝑑𝑢𝑐𝑎𝑡𝑒 𝑜𝑢𝑟𝑠𝑒𝑙𝑣𝑒𝑠 𝑎𝑙𝑜𝑛𝑔 𝑡ℎ𝑒 𝑤𝑎𝑦 𝑎𝑛𝑑 𝑠𝑐ℎ𝑒𝑑𝑢𝑙𝑒𝑑 𝑚𝑒𝑒𝑡𝑖𝑛𝑔𝑠 𝑤𝑖𝑡ℎ 𝑢𝑠 𝑎𝑡 𝑘𝑒𝑦 𝑝𝑜𝑖𝑛𝑡𝑠 𝑡ℎ𝑟𝑜𝑢𝑔ℎ𝑜𝑢𝑡 𝑡ℎ𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠.

𝐷𝑎𝑣𝑒 (𝑃𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑆𝑝𝑒𝑐𝑖𝑎𝑙𝑖𝑠𝑡) 𝑎𝑛𝑑 𝐶𝑎𝑖𝑡𝑙𝑖𝑛 (𝐵𝑢𝑖𝑙𝑑 𝑆𝑢𝑝𝑝𝑜𝑟𝑡 𝑇𝑒𝑎𝑚) 𝑡ℎ𝑒𝑛 ℎ𝑒𝑙𝑝𝑒𝑑 𝑢𝑠 𝑡ℎ𝑟𝑜𝑢𝑔ℎ 𝑡ℎ𝑒 𝑒𝑛𝑡𝑖𝑟𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠 𝑜𝑓 𝑠𝑒𝑐𝑢𝑟𝑖𝑛𝑔 𝑙𝑎𝑛𝑑, 𝑙𝑒𝑔𝑎𝑙𝑖𝑡𝑖𝑒𝑠, 𝑏𝑎𝑛𝑘𝑖𝑛𝑔 𝑎𝑛𝑑 𝑡ℎ𝑒 𝑏𝑢𝑖𝑙𝑑𝑖𝑛𝑔 𝑝𝑟𝑜𝑐𝑒𝑠𝑠. 𝐹𝑖𝑛𝑎𝑙𝑙𝑦, 𝑤𝑒 𝑤𝑒𝑟𝑒 𝑐𝑜𝑛𝑛𝑒𝑐𝑡𝑒𝑑
𝑤𝑖𝑡ℎ 𝑎 𝑡𝑟𝑢𝑠𝑡𝑤𝑜𝑟𝑡ℎ𝑦 𝑅𝑒𝑎𝑙 𝐸𝑠𝑡𝑎𝑡𝑒 𝑡𝑜 𝑚𝑎𝑛𝑎𝑔𝑒 𝑜𝑢𝑟 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑎𝑛𝑑 𝑓𝑖𝑛𝑑 𝑢𝑠 𝑡ℎ𝑒 𝑟𝑖𝑔ℎ𝑡 𝑡𝑒𝑛𝑎𝑛𝑡. 𝑇ℎ𝑒 𝑒𝑛𝑡𝑖𝑟𝑒 𝐴𝑥𝑜𝑛 𝑇𝑒𝑎𝑚 𝑤𝑒𝑟𝑒 𝑎 𝑝𝑙𝑒𝑎𝑠𝑢𝑟𝑒 𝑡𝑜 𝑑𝑒𝑎𝑙 𝑤𝑖𝑡ℎ 𝑎𝑛𝑑 𝑡𝑟𝑢𝑙𝑦 𝑚𝑎𝑑𝑒 𝑡ℎ𝑒 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛 𝑡𝑜 𝑏𝑢𝑖𝑙𝑑 𝑎𝑛 𝑖𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑠𝑖𝑚𝑝𝑙𝑒 𝑎𝑛𝑑 𝑠𝑒𝑎𝑚𝑙𝑒𝑠𝑠. 𝐼 𝑤𝑜𝑢𝑙𝑑 𝑐𝑒𝑟𝑡𝑎𝑖𝑛𝑙𝑦 𝑟𝑒𝑐𝑜𝑚𝑚𝑒𝑛𝑑 𝑡ℎ𝑒 𝑠𝑒𝑟𝑣𝑖𝑐𝑒𝑠 𝑜𝑓 𝐴𝑥𝑜𝑛 𝑡𝑜 𝑎𝑛𝑦 𝐴𝐷𝐹 𝑚𝑒𝑚𝑏𝑒𝑟 𝑙𝑜𝑜𝑘𝑖𝑛𝑔 𝑡𝑜 𝑒𝑛𝑡𝑒𝑟 𝑡ℎ𝑒 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑚𝑎𝑟𝑘𝑒𝑡 𝑜𝑟 𝑐𝑜𝑛𝑡𝑖𝑛𝑢𝑒 𝑖𝑛𝑣𝑒𝑠𝑡𝑖𝑛𝑔.

The future is certainly bright for this wonderful Defence couple. 🌞