{"id":2325,"date":"2022-04-11T03:02:07","date_gmt":"2022-04-11T03:02:07","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/travelling-couple-building-national-property-portfolio\/"},"modified":"2022-04-11T03:02:07","modified_gmt":"2022-04-11T03:02:07","slug":"travelling-couple-building-national-property-portfolio","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/travelling-couple-building-national-property-portfolio\/","title":{"rendered":"Travelling couple building national property portfolio"},"content":{"rendered":"

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A love of travel and the dream of early retirement has seen a young Mount Druitt couple invest in four properties around the country in the last four years.<\/p>\n

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A love of travel and the dream of early retirement has seen a young Mount Druitt<\/a> couple invest in four properties in the last four years.<\/p>\n

Plumber Ian Hopping and his partner Taela Sanders, an Aboriginal consultant for the Department of Education, both 27, set out on their investment journey after discovering that saving was something they were good at.<\/p>\n

\u201cWe initially saved for a holiday in Europe and realised that saving came naturally to us and after the holiday kept saving,\u201d Ms Sanders said.<\/p>\n

\u201cIn a short time we found that we had a good chunk of savings.<\/p>\n

\u201cWe still eat out, but we budget really well and have a set amount that we put away every week and stick to it.<\/p>\n

\u201cIf we know there is an event where we need to spend extra money, we budget for it.\u201d<\/p>\n\n\n\n\n\n\n\n
State<\/th>\nSuburb<\/th>\nYear purchased<\/th>\nProperty type<\/th>\nPurchase price<\/th>\nCurrent value<\/th>\n<\/tr>\n
QLD<\/td>\nKallangur<\/a><\/td>\n2019<\/td>\nHouse \u2013 3 bedrooms<\/td>\n$325,000<\/td>\n$440,000<\/td>\n<\/tr>\n
NSW<\/td>\nSan Remo<\/a><\/td>\n2020<\/td>\nHouse \u2013 3 bedrooms<\/td>\n$427,000<\/td>\n$650,000<\/td>\n<\/tr>\n
WA<\/td>\nHigh Wycombe<\/a><\/td>\n2021<\/td>\nHouse \u2013 5 bedrooms<\/td>\n$485,000<\/td>\n$520,000<\/td>\n<\/tr>\n
WA<\/td>\nHigh Wycombe<\/a><\/td>\n2021<\/td>\nHouse \u2013 3 bedrooms<\/td>\n$530,000<\/td>\n$530,000\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

When they first decided to invest in property, Ms Sanders and Mr Hopping took the advice of a work colleague who introduced them to mortgage brokerage MLS Finance and buyers agency Right Property Group.\u00a0<\/p>\n

The couple have opted for the rentvestment approach<\/a>, renting where they want to live for now while investing elsewhere as they build their finances towards their dream coastal home.<\/p>\n

\u201cThe buyers agents buy the properties for us, doing the groundwork and finding the properties that are going to be what we want in the long term and they show us the properties and we say, \u2018yes, we are interested\u2019 or \u2018no its not for us\u2019 and the finance people then helps us get a good deal on the loan,\u201d Mr Hopping said.<\/p>\n

\u201cWe surround ourselves with experts and we trust them – they haven\u2019t let us down yet.<\/p>\n

Our goal is to retire as early as possible, around the age of 50 and to keep travelling.\u201d<\/p>\n

Their first property was purchased in the Moreton Bay<\/a> region of Queensland in 2019. <\/p>\n

\u201cWhen we first had a talk with our buyers agency, they said the likelihood of us purchasing in New South Wales at that time was very slim and they were looking at other states due to what we could borrow.\u201d<\/p>\n

The property purchased in Kallangur<\/a> was purchased for $325,000. The three-bedroom home is now valued at around $440,000.<\/p>\n

Another three-bedroom home was purchased in 2020 in San Remo on the Central Coast for $427,000. The property is now valued at $650,000.<\/p>\n

Go west<\/strong><\/p>\n

Two further properties were purchased side-by-side in May and September 2021 in the Perth suburb of High Wycombe<\/a>; a five-bedroom home for $485,000 which is valued at around $520,000 and a three-bedroom home purchased for $530,000. <\/p>\n

\u201cThe ability to sell to a developer in the future or develop the property ourselves led us to make the second purchase in High Wycombe,\u201d Ms Sanders said.<\/p>\n

\u201cThe way our loans are set up at the moment is cash flow neutral but our plan is to be cash flow positive in the future.\u201d<\/p>\n

MLS Finance director Sze Chuah said the couple were a great example of what is possible with diligent savings, focused investment strategy and good support team of mortgage broker, accountant and buyers agent.<\/p>\n

\u201cEveryone is working towards the same objectives for Ian and Taela,\u201d Mr Chuah said.<\/p>\n

\u201cThey have a clear plan and are executing on what they wish to achieve and their strategy.<\/p>\n

\u201cWe structured their finance to align with their long-term goals and were able to maximise the use of their deposit, streamline their repayments and give them a cash buffer in case of an emergency.\u201d<\/p>\n

While purchasing a new property is definitely an option for the investment duo later in the year, they do not have any set plans for now.<\/p>\n

\u201cWe are currently renting in Penrith<\/a> and one day we would like to purchase our own home, but our preference to live by the beach is currently out of reach,\u201d Ms Sanders said.<\/p>\n

\u201cWe\u2019d also like to travel to Japan as our next holiday destination.\u201d<\/p>\n<\/p><\/div>\n