These Queensland-based general practitioners approached Future Assist seeking guidance to accelerate their retirement plans. Although they owned a property in Queensland and were in the process of building a family home in Victoria, they felt they weren’t on track to achieving their goals. With no budget or Estate Planning in place, they recognised the need for professional assistance to take control of their financial future.
WEALTH OBJECTIVES
The clients sought to build an investment portfolio that would generate a sustainable passive income of $180,000 to $200,000 annually, enabling them to work less, travel more, and spend quality time with their children.
Strategy Inclusions
Budgeting
Refinancing
Investment Lending
Property Services
Wills & Estate Planning
POSITION THEN (2022)
Total Assets: $1,805,000
Net Wealth Position: $1,950,000
POSITION NOW (2024)
Total Assets: $3,888,400
Net Wealth Position: $3,953,236
KEY MILESTONES AND STRATEGIES IMPLEMENTED
MARCH 2022 – INITIAL POSITION
At the outset, the clients owned a property in Queensland and were building a family home in Victoria. While they were cautious spenders, they lacked a formal budget and were uncertain about how to reach their retirement goals. Additionally, they did not have a will or power of attorney, despite recognising its importance as parents.
APRIL 2022 – BUDGET REVIEW & WEALTH STRATEGY
Future Assist’s Wealth Strategists helped these clients establish a healthy budget surplus of $189,000, creating a borrowing capacity of $650,000 to begin building their property portfolio. This marked the first step in their strategic approach to wealth creation.
MAY 2022 – PROPERTY PORTFOLIO ESTABLISTED
By refinancing their existing loans, the clients unlocked $200,000 in equity from their Queensland property. This equity was used to purchase a new investment property in South Australia for $598,400. The property is projected to generate rental income of $550 per week, providing a solid foundation for future investments.
JULY 2023 – TAX OPTIMISATION
Through strategic tax planning and additional cash flow generated by their new investment property, the clients’ budget surplus increased to $198,685. This resulted in an additional $9,654 per year for further wealth creation, boosting their ability to expand their portfolio.
SEPTEMBER 2023 – SMSF SET UP FOR FURTHER GROWTH
Future Assist Accountants, established a self-managed super fund (SMSF) for the clients, enabling them to continue building their property portfolio both within and outside the SMSF structure. This added a powerful layer of flexibility and tax efficiency to their strategy.
APRIL 2024 – PROPERTY PORTFOLIO GROWTH
Leveraging $50,000 in remaining borrowing capacity from the South Australian property and the additional $9,654 in annual cash flow, the clients are poised to purchase another investment property outside of their SMSF. Future Assist’s Property Team, property team is actively identifying opportunities, with the goal of helping the clients acquire two additional properties this year.
THE OUTCOME
In just over a decade, Dillon and Angela transformed their modest financial beginnings into a robust property portfolio. By following our Strategy First approach, they achieved their goals of securing their family’s financial future and building a comfortable retirement plan. Their journey demonstrates how discipline, strategy, and professional guidance can turn aspirations into lasting wealth.
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.
