Current Situation: Family, self-employed, part time PAYG, 2 kids, own home with $250K useable equity, min super, first time investors with the goal of retiring in 15 – 20 yrs
Proposed Investment Strategy: Melb Purchase - $427k/$400 p.w. 25 kms from the CBD – 4,2,2 #1 suburb under $550K, 17% capital growth in the past 5 years P.A
Own home safely, financial goals now achievable, successful purchase, confidence to repeat
Current Situation: Self Employed, first-time investor, single income, $70,000 cash savings, $100,000 income (financials can be tricky)
Proposed Investment Strategies: Melbourne's best growth corridor, $417,000 purchase price $420 rent per week (up to $450 p/w, yield of 5.17%)
No maintenance, stamp duty only $6,700
5000 people moved in/bought in the area
SUCCESSFUL PURCHASE - $87 positive per week after tax
Strong income, strong equity position, group of 4 investors
strong super balance wanting to buy through super, diversify into Melbourne
Future purchases through trust positive
2 x 4,2,2’s Duplex in Melbourne (5.5 – 6% yield)
neutral - positive cashflow, single part contract for SMSF,
next purchase - Duplex in Sth East Qld.
Successful purchase through SMSF, great cashflow for retirement, option to subdivide in the future.