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.
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #2
This young Army IT Technician, posted to Enoggera in Brisbane, came to us 12 months ago. He had approx. $120K in savings – clearly, very good with his money habits!
With a future posting to Canberra in a couple of years, after watching our free training video, he realised the time was right to pull the trigger and take advantage of the various Govt and ADF grants that were at his disposal to build his first home to live in – a total of $51K.
Importantly, this is not his forever home, just a VFG one, located in a top spot, to get the grants! However, he had no idea how to stitch it all together.
So we put a plan together for him and mapped it all out. (I have included a snapshot of his sync matrix so you can see how we apply ADF planning techniques to successful property acquisitions). What you’re seeing here is the terrific outcome that we all achieved as a team!
Investment Property Success Story Details:
- Property: $549K (The EXACT properties are now selling for approx. $650K)
- HPAS: $11K (after tax)
- QLD FHOG: $15K (paid at slab stage)
- Federal Govt Home Builder Grant: $25K (paid at slab stage)
As you can see by the images, this property is located ‘inside the wire’ of Brisbane’s Northern growth corridor. This is perfect for ADF members posted to Enoggera.
Looking ahead, this property will be turned into an investment property next year. Then the tenant, tax man and solar rebate will easily pay the mortgage and all of the yearly expenses… the ultimate ‘self-licking ice cream!’
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HOW TO BE A PROPERTY OWNER WITH YOUR ADF HOUSING ENTITLEMENTS: DHOAS, HPAS & HPSEA
Karl Schwantes, an Army Officer Veteran & a leader in the jewellery world and the wider community joins us on the Axons Unleashed Podcast.
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!
Is Defence Housing investing right for you? It’s not for everyone. Learn the difference between regular and DHA investing here.