There is a regular saying in the Axon office, “The tail doesn’t wag the dog!” For us that means that your ADF Housing Entitlements (HPAS and DHOAS) aren’t the strategy drivers, rather they are just the supporting element that needs to be synchronised to deliver the maximum effect.
Take the subject of today’s success story as an example… at the time of introduction to Axon he was a 25yo Telecommunications Technician based in SE-QLD.
He’d been saving very diligently (supported by deployments) for a few years now and was in a very strong position to get started buying his own home. Given his location, he was a perfect example of how to use some of his entitlements to best effect.
*Note: There is no DHOAS used here. Why?
Because at the time our plan told us that we needed the full panel of lenders that a mortgage broker can provide, not be restricted to one or two DHOAS provider options only. Remember that we were all still learning to deal with Covid-19 lockdowns when this was all happening, so flexibility was a necessity!
This client has now made a successful transition out of the ADF (CONGRATULATIONS!!) so they have 5 years from their discharge date to transfer across to a DHOAS loan. This refinance will all be facilitated by the Axon team or he will soon be able to use the equity in this property to go and buy property #2.
What do you think his next move will be – stay in this home and invest, or turn this into an investment property and move onto his next PPOR?
Catch up with Robbie and Clint as they talk about old friends, war-stories and most importantly the lessons learned in the ADF that formed the culture of their leadership on the Axons Unleashed Podcast.
Karl Schwantes, an Army Officer Veteran & a leader in the jewellery world and the wider community joins us on the Axons Unleashed Podcast.
Meet Shania on this week’s Meet the Team. She delivers administrative support to our Property Specialist’s and acts as a point of contact for clients in terms of providing updates on the progress of finance and land registration.
Just two years on, their PPOR has risen in value by ~$200K even after buying it for ‘lifestyle reasons’ rather than ‘wealth creation’ reasons. Not only have they enjoyed the experience of building 2 houses, but the accompanying $370K of net growth over the 2 properties is also a stellar result!
In celebration of Men’s Health Week we’re here to have a serious discussion about men’s health; and share our most impactful Axons Unleashed podcast episodes.
Is Defence Housing investing right for you? It’s not for everyone. Learn the difference between regular and DHA investing here.
We are a Veteran-owned and operated company, working to empower the ADF Community to secure their financial future through education, coaching and mentoring in the property sector.
