We are thrilled to introduce the first of of three recent hires, Kat, who has joined our fast growing Build Support team. She’s bringing four years of experience in the administrative field that has instilled in her a passion for delivering exceptional support and fostering seamless communication. Yup, we can attest to that!
ADF HOUSING INVESTMENT PROPERTY: SUCCESS STORY #6
Your ADF Housing entitlements will give you a distinct competitive advantage over most civilians – and that is why we come across so many members wanting to grab hold of them ASAP.
Why do we love this community so much? Because it is absolutely built with medical, retail, education and transport in mind… the exact employment drivers that we speak about in our seven ingredients to a healthy market.
Investment Property Success Story Details:
- Purchase price: $475,000
- Deposit required: 5% deposit ($23,750) + stamp duty ($600) + loan establishment fee ($500) + solicitor fees ($2,000) = $26,850
- Entitlements gained: HPAS (~$11K) + QLD FHOG ($15K) + HomeBuilder Grant ($25K) + First Home Loan Deposit Scheme (~$14K saving) = ~$65,000
*Yes – this approach meant that there was more $ in grants and savings than the actual deposit… How good!!!*
- Date secured: 19 June 2020
- Settlement date: 16 October 2020
- Construction start: 19 November 2020
- Handover date: 19 May 2021
- Holding cost: $1,693pm – $195pm (DHOAS) = $1,498pm
- Expected rental income (from 2023) = $460pw = $1,993pm
- Estimated current value: $550,000 ($75,000 in equity)
When this high flying officer posts out of SE-QLD, this property will be geared exceptionally well allowing her both the equity and the cash flow to continue developing her portfolio. If you are posted to (or incoming to) SE-QLD and you are planning to get started on your wealth creation journey, make sure you watch our free content BEFORE you start using your entitlements.
Complete Our Free ADF Training!
HOW TO BE A PROPERTY OWNER WITH YOUR ADF HOUSING ENTITLEMENTS: DHOAS, HPAS & HPSEA
After watching 👀 our training videos, Mr. S came to us in July 2021. He was posted to Adelaide in the RAAF. He was in a relationship with his girlfriend, Ms. V, but he wanted personal guidance on all things money management and proven strategies to follow.
Mr. S focused on saving hard and restructuring his assets to make sure he had enough funds to reach land settlement of his first investment property. This took many months, which is a good test of one’s commitment to make it happen!
Back in March ‘21, Amy was introduced to us by another client. (The constant referrals within our community are humbling to be involved in!). She was a Learning Development Coordinator, not in the ADF. She was coachable and definitely needed some assistance in the whole process.
She had been diligent with her money habits and mindset, with a good amount of savings under her belt. However, we needed to put a plan in place for her to keep saving so the acquisition of her first property was done in a sensible way. This happens all the time. The fact she had financial milestones to reach helped her immensely in getting there!
We first met R&K in Aug 2020. They wanted to secure their financial future using property. Posted to Wagga (R was an RI at Kapooka and K was a civvie Dental Assistant), after a series of coaching sessions, we implemented a plan and strategy for them to acquire IP#1. That $457K property was built without any issues in 2021. Happy days, a good start for R&K.
M&V are a double-defence couple posted to RAAF AMB in Brisbane. After watching our educational videos, they came to us in March 2021. They needed guidance on all things money management and proven strategies to follow.
In their own words, 𝘈𝘹𝘰𝘯 𝘤𝘢𝘯 𝘩𝘦𝘭𝘱 𝘶𝘴 𝘣𝘺 𝘦𝘹𝘱𝘢𝘯𝘥𝘪𝘯𝘨 𝘰𝘯 𝘰𝘶𝘳 𝘰𝘸𝘯 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘵𝘩𝘦𝘪𝘳 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘣𝘶𝘺𝘪𝘯𝘨/𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨, 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳𝘭𝘺 𝘳𝘦𝘭𝘢𝘵𝘪𝘯𝘨 𝘵𝘰 𝘈𝘋𝘍 𝘦𝘯𝘵𝘪𝘵𝘭𝘦𝘮𝘦𝘯𝘵𝘴. Yep, that sums up what we specialise in!
This inspirational young lady came to us way back in June 2021 at age 20! 20! Already possessing great money habits and a desire for success, she had an openness to learn how to invest the right way. Ella was remarkably clear about what she wanted to achieve and knew that she needed to seek guidance from professionals to ‘force multiply’ her well-established position. With the deposit and cost already saved and a yearning to move with a sense of purpose towards her goals, it was time to put a plan and a strategy in place to set her on an even greater path to success.