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ADF HOUSING INVESTMENT PROPERTY:
SUCCESS STORY of a FemalE RAAF LOGISTICS OFFICER
This is a success story that demonstrates what can happen when you have the confidence to take action at the right time. BLUF: This is the second property that a female RAAF logistics officer has completed with us by herself.
Read on!
Lois first came to Axon in late 2019. In her profile, she stated that she wanted Axon to help her understand the process of buying a property and give her advice on the best way to do it. Put simply, that’s what we do!
When she was posted to Sydney, she had just the right amount of cash for the deposit and costs (D&C) to acquire her first investment property (IP#1). That build was completed with our assistance by the end of 2020 in SEQLD. Purchase price: $463K; value now: ~$750K. Not a bad start to Lois’ portfolio…
As part of the ongoing coaching we provide, in Nov 2022 we created a plan and strategy for Lois to acquire IP#2 to keep working towards her goals. The numbers worked with the finance broker (Deb), so we pulled the trigger. Structurally, we accessed equity from the growth of IP#1, combined with some inheritance funds to make up the 20% D&C (no LMI payable).
In that time between properties, Lois found herself posted to Tindal…
What you’re seeing here is the completion of IP#2. The
photos are wonderful!
* 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐩𝐫𝐢𝐜𝐞: $𝟔𝟓𝟖𝐊 (𝟑𝟏𝟓𝐦𝟐 𝐛𝐥𝐨𝐜𝐤, 𝟏𝟗𝟎𝐦𝟐 𝟒/𝟐/𝟐 𝐡𝐨𝐮𝐬𝐞, 𝐅𝐔𝐋𝐋 𝐭𝐮𝐫𝐧𝐤𝐞𝐲)
* 𝐒𝐭𝐚𝐫𝐭 𝐨𝐟 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧: 𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟒
* 𝐊𝐞𝐲 𝐡𝐚𝐧𝐝𝐨𝐯𝐞𝐫: 𝐒𝐞𝐩𝐭 𝟐𝟎𝟐𝟒
* 𝐑𝐞𝐧𝐭 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝: $𝟓𝟖𝟎𝐩𝐰 (𝐭𝐞𝐧𝐚𝐧𝐭𝐬 𝐬𝐢𝐠𝐧𝐞𝐝 𝟓 𝐝𝐚𝐲𝐬 𝐚𝐟𝐭𝐞𝐫 𝐤𝐞𝐲 𝐡𝐚𝐧𝐝𝐨𝐯𝐞𝐫!)
* 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐯𝐚𝐥𝐮𝐞 𝐧𝐨𝐰: $𝟖𝟎𝟓𝐊 (𝐛𝐚𝐧𝐤 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚 𝐬𝐢𝐬𝐭𝐞𝐫 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐝 𝐥𝐚𝐬𝐭 𝐰𝐞𝐞𝐤)
This beautiful property is located in another region of SEQLD that is brimming with population growth and Govt. infrastructure projects. It’s little wonder tenants were found in such a short period of time.
Fast-forward to now, and Lois has taken up a role within RAAF Officer Career Management in Canberra (interestingly, she is the Career Advisor for another client who’s just completed their second build with us—the ADF circle is so small!).
Let us know what you think of this sensational property and Lois’ success story!
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