Peter and Rhonda were thrilled to have almost repaid the mortgage on their Sydney home. However they were concerned that their super wasn’t going to provide them with enough money to fund the lifestyle they wanted in retirement. They were in their mid-fifties, but had no plans to retire within the next 10 years so their financial planner referred them to Binnari.
How we helped
With advice from the Binnari team and their financial planner, a diversified investment strategy was developed that included the purchase of two properties – one within Peter and Rhonda’s Self -Managed Super Fund (SMSF) and one outside of super. The first property Binnari soured for them had a high likelihood of capital growth over Peter and Rhonda’s existing employment timeframe. The second property outside of super was close to cash flow neutral (without tax dedications) in case their employment situation unexpectedly changed. Peter and Rhonda are now well on track to achieving the retirement that they envisaged.
Outcome for North Melbourne
- Property: 1 bed, 1 bath, no car
- Price: $434,000
- Rent: $400/week
- Yield: 5.24%
- Time to tenant: 8 days
Outcome for Greenslopes (Chatsworth)
- Property: 2 bed, 2 bath, 1 car
- Price: $479,000
- Rent: $450/week
- Yield: 4.88%
- Time to tenant:17 days
More success stories
Hear the stories of our clients who are growing their wealth and achieving their lifestyle
aspirations with investment property
Grow your wealth and achieve your lifestyle aspirations with investment property.
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