Strategy to pay off house loan sooner

Strategy to pay off house loan sooner

My JV partner and I have developed a strategy that is going to bring you that secondary income which will assist in paying your home off sooner.

For example if took Queensland which currently has fantastic rental yields and have the most interstate growth in Australia because of affordability. Then we can diversify your portfolio by having one unit in Melbourne and townhouse in Queensland to pay off your current house loan.

New Project coming soon in Gawthern Terraces

Gawthern Terraces-

Pimpama is the top 3 fastest population growth suburb
• In 2016, Pimpama was the fastest growing suburb in Australia, 35% population growth in one year.
• In 2017, Pimpama was the third fastest growing suburb in Australia, 32.5% population growth in one year.

Located in between Gold Coast and Brisbane
• only 35 minutes’ drive to Brisbane CBD and 
• 25 minutes’ drive to Gold Coast Inner city
• Brand new Westfield Shopping  centre only 8 minutes’ drive
• Brand new Pimpama city Shopping centre only 3 minutes’ drive 
• Upcoming Home focus centre that have Bunnings and spotlight etc only 2 minutes’ drive
• 43 MILLION DOLLAR Aquatic and sport centre(complete early 2020) only 3 minutes’ drive
• Gainsborough Green Golf Course just around the corner
• Close to Woolworth, Coles, Cafe, McDonald, KFC etc 
• Close to Private and public School

Key Features of The Gawthern Terraces:
• Rental appraisal $430-$460
• 110sqm large Designer pool
• 3 BBQ area
• 27sqm huge master bedroom in 3 bedroom type Terraces Home
• Minimum 2 individual cars spaces for each Terrace Home
• Standard Luxury fitting and fixture for all Terrace home
• 600×600 tile at living area
• NBN ready High speed internet 
• Gas cooktop and instantaneous 

Selected property for you is lot 47, at a price point of $419,000.00 with settlement to occur mid next year. The rental yields on this property is close to 5% which is fantastic. If you look at the brochure attached, this estate is AMAZING and has top quality fixtures and finishes throughout.

Now, below is a screenshot of a P.I.A (property investment analysis). This has all income and property expenses here. This biggest thing I want you to look at is the bottom in brackets- this property on average is going to give you about $86 per week in your pocket.

Now, below is a screenshot of a P.I.A (property investment analysis). This has all income and property expenses here. This biggest thing I want you to look at is the bottom in brackets- this property on average is going to give you about $86 per week in your pocket. Check the analysis of my project below:

What do you do with above $85 per week from this 1 investment property, you pay it directly onto your home loan. See below extra repayment calculator. If you pay an extra $85 per week on your home loan, check the bottom of the photo, you will save $48,000 in interest repayments and 10 years on your mortgage

Interest saves $48,758,63 in 10 yrs and 6 months. Your increased Repayment is $468.21

Now, lets go 1 step further. Let’s assume the Melbourne unit in the Grove, will bring you an income of approximately $35 per week, don’t you think it will have an impact on your repayment?

$85 per week Pimpama townhouse.

$55 per week Grove unit.

= $140 per week.

If you pay that $120 per week onto your home loan directly, you have saved close to 15 years on your home loan. This is the strategy we show our clients on how to pay off their home sooner, by having 1 townhouse with a high rental yield and a unit in close proximity to the CBD. My JV partner will take you through this strategy if you would like to be shown how to pay off your mortgage sooner!

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