Testimonials & Evidence of Success

While some people say that success or an expertise is a relative thing that can’t be measured, we strongly disagree!

For us, the extent of a praise that we get from our clients on a daily basis is the most measurable way to see how satisfactory and helpful our expertise, our terms, and our services really are!

Our Awesome Success Stories and Testimonials

Real Success Story: How One Couple Built Wealth Through Property Investment

From First Home Buyers to Financial Freedom

Meet Sally and James (names changed for privacy), a couple who started their property journey in 2015 with a simple dream – to own their own home. Today, they’re on track to retire completely debt-free, thanks to smart property decisions and understanding how to use equity.

2015: The First Home Purchase

Like many Australians, Sally and James were first home buyers who wanted a place to call their own. They purchased a modest home in a growing suburb for $450,000. With a 10% deposit and help from the First Home Owner Grant, they secured their first mortgage.

At the time, they focused on:

  • Finding a property in an area with good growth potential
  • Making regular repayments on their home loan
  • Building equity through both mortgage payments and property value increases

Over the next seven years, two important things happened: they paid down their mortgage, and their property value grew significantly.

2022: Unlocking Hidden Wealth Through Equity

By 2022, Sally and James’s home had increased in value to approximately $650,000. They had also reduced their mortgage balance through consistent repayments. This created something valuable called “equity” – the difference between what their home was worth and what they still owed on it.

What is Equity?

Equity is the portion of your property that you truly own. For example:

  • Property value: $650,000
  • Remaining mortgage: $350,000
  • Available equity: $300,000

Sally and James learned they could borrow against this equity without selling their home. This is called an “equity loan” or “home equity loan.”

The Investment Property Purchase

With guidance from their lending specialist, Sally and James used $100,000 of their home equity as a deposit for an investment property. They purchased a unit in a high-demand rental area for $500,000.

Benefits of Their Investment Strategy:

  • They didn’t need to save another deposit from scratch
  • The rental income helped cover the investment property’s mortgage
  • They could claim tax deductions on their investment property expenses
  • They now owned two properties that were both increasing in value

2024: Growing Wealth and Planning Ahead

Fast forward to today, and the couple’s investment strategy is paying off beautifully. Their investment property has grown in value and built up its own equity. The property is now worth approximately $580,000, with a mortgage of $450,000 remaining.

This means they now have enough equity in the investment property to:

  • Refinance and pay off the original $100,000 equity loan they took from their first home
  • Restore their original home to its pre-investment debt level
  • Continue building wealth through two properties

The 7-10 Year Plan: Debt-Free Retirement

Sally and James have created a clear path to financial freedom. Here’s their plan:

Within the Next 2 Years:

  • Pay off the equity loan using investment property refinancing
  • Continue making regular repayments on both properties
  • Benefit from rental income covering most investment costs

Years 3-7:

  • Focus extra payments on their original home loan
  • Watch both properties continue to grow in value
  • Consider whether to keep or sell the investment property

Years 7-10:

  • Clear the remaining debt on their original home
  • Own their primary residence completely debt-free
  • Choose to either keep the investment property for ongoing rental income or sell it for a lump sum

Key Lessons from Sally and James’s Journey

Their success came from several smart decisions:

  1. Starting Early – They entered the property market when they could, even though their first home was modest
  2. Choosing Growth Areas – They researched suburbs with good potential for value increases
  3. Building Equity – They made regular repayments and didn’t overspend on lifestyle expenses
  4. Getting Expert Advice – They worked with lending specialists who understood investment strategies
  5. Thinking Long-Term – They created a 10-year plan instead of looking for quick results
  6. Using Equity Wisely – They leveraged their equity to grow wealth, not for consumption

Understanding the Power of Property Equity

Sally and James’s story shows how equity can work as a powerful wealth-building tool. Here’s why equity strategies work:

Property Value Growth: Australian property has historically increased in value over time, creating natural equity growth.

Forced Savings: Each mortgage repayment reduces your debt and increases your equity, like a forced savings plan.

Leverage: Using equity allows you to invest in additional properties without starting from zero.

Tax Benefits: Investment properties offer tax deductions that can reduce your overall tax burden.

Rental Income: Tenants help pay down your investment property mortgage while you build wealth.

Is This Strategy Right for You?

While Sally and James’s approach worked wonderfully for them, every person’s financial situation is different. Before using equity to purchase an investment property, consider:

  • Your current income and job security
  • Your ability to cover investment property costs if tenants leave
  • Interest rate changes and how they affect repayments
  • Your age and retirement timeline
  • Your risk tolerance and financial goals
  • Property market conditions in your area

Common Questions About Using Equity

Can I access my equity without selling?
Yes! You can refinance your home loan or take out an equity loan to access the value you’ve built up.

How much equity can I use?
Most lenders allow you to borrow up to 80% of your property’s value, minus what you still owe.

What are the risks?
You’re increasing your overall debt, so you need to be confident you can afford the repayments on both properties.

Do I need to rent out my investment property?
Most people do, as rental income helps cover the investment property costs and improves your borrowing capacity.

Start Your Property Investment Journey Today

Sally and James started with one simple goal – to buy their first home. Seven years later, they had built enough wealth to purchase an investment property. In another seven to ten years, they’ll retire debt-free with significant assets.

Your journey can start today, no matter where you are in life. Whether you’re:

  • A first home buyer just starting out
  • A homeowner wondering about investment opportunities
  • Someone looking to build wealth for retirement
  • Interested in understanding your property equity

The team at Awesome Lending Solutions can help you create a personalized strategy that works for your situation.

Take the First Step Towards Financial Freedom

Don’t leave your financial future to chance. Like Sally and James, you can build a solid plan that leads to debt-free retirement and financial security.

Contact Awesome Lending Solutions today:

Let’s work together to unlock your property’s potential and create your path to financial freedom.

Our Client Reviews and Testimonials

Free Consultation for Home Buyers or Borrowers

Would you like to speak to one of our financial advisers? Just submit your contact details and we’ll be in touch shortly. You can also email us if you prefer that type of communication.Contact Awesome Today