.svg){kind=logo}
The Clients
Renji and Bency are a couple with two kids based in Canberra. Renji in the IT space whilst Bency is in the medical field. They already owned their home and an investment property before working with us
They became accidental investors. This is where they purchased a unit to live in, this unit was small for their needs so they upsized to a house. Following the upsize they had an attachment to the unit and decided to keep it as an investment. Thought that they knew about the property, it was in their local area and they know the market well.
Many assume this can be a good way to build a portfolio. It isn’t as it starts an investment portfolio accidentally, with a property that did not have any investment thesis going into its purchase and an unnecessary emotional attachment to a property in your portfolio.
They held this for many years hoping it would grow well. Sadly this investment didn’t; fortunately, their house did.
Renji and Bency didn’t want to get it wrong again, knowing that this time they would be using their home equity and savings this next move would be one they didn’t want to get wrong.
Renji and Bency felt it would be best to get professional guidance. They were hesitant to invest using our frameworks. This was because the first place we showed them as part of our scaling strategy was away from any area they knew and also it was in a regional market.
Our Strategy
Many whispered in their ears about how regional markets don’t grow. However, they chose to block the noise, trust InvestorKit’s leading data-driven approach and jumped right into an affordable market, early in its growth cycle, which also carried a high rental yield.
Little did they know this one asset and the decision to use InvestorKit would transform their lives and their financial future. Alongside giving them the “property bug” to go again and again. As they realised the power of a data-driven approach, professionally hand-held support to make it effortless and diversity across 4 states. Key principles in InvestorKit’s scaling approach.
We went on to use that equity and time our entry into the Adelaide market before its boom, following this we took them to another market in regional Queensland as it signalled more boom times were ahead too.
First purchase in Regional Victoria has grown 78%
- Purchase Price: $340,000
- Purchase Date: 2019
- Estimated Valuation 2024: $605,000
Second purchase in Adelaide has grown 65%
- Purchase Price: $430,000
- Purchase Date: 2020
- Estimated Valuation 2024: $710,000
Third purchase in Regional Queensland has grown 51%
- Purchase Price: $425,000
- Purchase Date: 2021
- Estimated Valuation 2024: $640,000
The Results and Future Plans
They were blown away, it was 3 times in a row of high-performance assets purchased for their portfolio. This grew their equity to a total of $760k not including the assets they had prior.
Renji and Bency are set for life and have set up their son and daughter with generational wealth. This was important to them when they came to us seeking investment advice. They now have 4 investment properties, and a home that can be downsized long term as well as their superannuation. All of these investments coming together and compounding over the decades ahead.
For Renji and Bency, as they grow their income their next move is going to be a 4th purchase with us in due course either in their self-managed super or a commercial asset down the track.