- Young Sydney family 2 kids
- Single income family
- could afford to buy family home in Sydney
- Purchased for $350k
- Settled 20/4/21
- Used guarantor and 105% lend to purchase
- in Feb 2022 bank val $453k
- $103k increase in 10 months
- removed guarantor and released $45k equity for second purchase
Both Jason and Jami-Lee always wanted to get into the property market but due to life circumstances couldn’t pull together a deposit. For them to be able to grow their property portfolio they needed their first purchase to have enough growth to remove the guarantor and also release equity. They are now in the process of refinancing their second purchase to acquire their third investment property in 2 years.
