For James and Narelle, buying a property seemed impossible a year ago. With no savings and no deposit to put down, they couldn’t see any way to get off the rental trap and into their own home. However, when the lease on their rental property ended and they were unable to find a suitable rental to move into, they needed to think out of the box to find a solution.
After researching their options online, they discovered our Home Buyer Accelerator Program—and suddenly, buying their own home seemed achievable. With our help, they were able to leverage their super and buy a beautiful home on the Gold Coast where James, Narelle and their three children live today.
So how exactly did they do this? Read on to find out more.
James and Narelle’s story
Until recently, James and Narelle had thought their only option was to rent. Like so many Australians, they found it difficult to save while also paying rental fees and all the other weekly expenses that endlessly add up.
However, their lives were thrown into chaos when their lease ended and they were unable to find a suitable new home to rent. The family technically became homeless and had to move into three separate houses for five long months. While searching online for a solution, they came across our Home Buyer Accelerator Program, and everything changed.
How we helped them buy their first home
Although James worked two jobs and earned a good wage, he initially thought it would not be enough to buy a home due to the lack of a deposit and not having any savings. However, the Home Buyer Accelerator Program is an investment strategy that allows you to leverage your super to access a deposit to put down on your new home. Utilising this strategy, we were able to help James and Narelle purchase a bright, modern house in their preferred location, the Gold Coast. As James recalls:
‘I guess it was hard to believe that we could actually journey towards owning a home. And when Super Property Solutions gave us options, it was quite exciting.’
A home of their own
For James, owning a home has only recently become a top priority. But for Narelle, the security of owning a bricks and mortar investment, and having a place to call her own, has always been a major goal.
Their advice to others who are in the same position of struggling to save a deposit and get off the rental trap who may be considering our Home Buyer investment strategy is to ‘give it a go’. Being their first attempt to purchase a home, James found the process and formalities around the sale quite challenging to begin with. As he explains, he was grateful for the support of our team at each step of the way:
‘If we didn’t go through Super Property Solutions, it could have been extremely difficult for us. It was tricky, but it came right, really, really well. Without a doubt, it’s easy to see that Super allowed us to achieve a dream.’