When this Queensland based mining couple first walked into Future Assist’s office, they were living comfortably. Life in the mining industry had afforded them financial stability, the ability to travel when they wanted, and a level of freedom many aspire to. But when they started thinking about retirement, they realised their money wasn’t working as hard as they were.
WEALTH OBJECTIVES
To balance enjoying life now with smart financial strategies to grow their wealth for a secure future. No prior property investments but a clear goal to build a property portfolio of 2 to 3 properties.
Strategy Inclusions
Budgeting
Refinancing
Investment Lending
Property Services
Wills & Estate Planning
POSITION THEN (2020)
Total Assets: $667,000
Net Wealth Position: $318,000
POSITION NOW (2024)
Total Assets: $1,856,900
Net Wealth Position: $671,836
KEY MILESTONES AND STRATEGIES IMPLEMENTED
DECEMBER 2020 – WHERE TO START?
Life in the mining industry had provided these clients a good level of income to live off, but how could they maintain this lifestyle into retirement?
With no investments, or saving strategies other than their offset, they felt that they needed professional guidance to pave a clearer path toward wealth and security. They liked the idea of building a property portfolio but were nervous about making the wrong choice and didn’t know where to start on their own. At this point, they had a long-standing relationship with ANZ Bank for their mortgage and accounts but had never explored other options to ensure they were getting the best deals.
JANUARY 2021 – THE FIRST STEP
The team at Future Assist conducted a thorough review of their finances. They refinanced their home loan to release equity and accessed funds from their offset account to purchase their first investment property. Additionally, they took a comprehensive look at their estate planning and secured income protection insurance to safeguard their family’s future.
MAY 2022 – PROPERTY PORTFOLIO ESTABLISTED
Future Assist’s property team recommended an investment property in South Maclean, Queensland, chosen for its strong population growth. The clients were familiar with the area from the news and were confident in their choice. The property aligned well with their conservative yet future-focused investment strategy. Since then, the property’s value has nearly doubled, while also providing more than $25,000 in annual tax deductions.
JULY 2023 – GROWING CONFIDENCE
Thanks to the significant appreciation of their South Maclean property, the clients were able to unlock equity and purchase a second investment property. Future Assist’s property team recommended a new-build house and land package in Angle Vale, South Australia. This choice was driven by the area’s future potential for long-term growth.
NOVEMBER 2024 – PEACE OF MIND FOR THE FUTURE
By late 2024, construction on the Angle Vale property was completed, with a predicted rental income establishing it as another valuable asset. With two investment properties now in their portfolio, the clients have achieved significant net asset growth, improved cash flow, and enhanced their tax efficiency. More importantly, they have gained peace of mind and are confidently working toward their goal of early retirement with a clear, actionable plan.
THE OUTCOME
In just three years, the clients transitioned from first-time investors to owners of two income-generating properties. With Future Assist’s guidance, these clients are now well-positioned to expand their portfolio further and achieve their ultimate dream: a relaxed beach side retirement, free from financial stress.
Names have been changed but all other details provided in this case study are based on actual client results. While every effort has been made to accurately represent the outcomes and results achieved in this case study, it’s important to note that individual results may vary based on a variety of factors including but not limited to the client’s unique circumstances, goals, and actions taken. This case study is not intended to serve as professional advice or guidance.
