7/9 ADF Entitlements – Assessing the Cards in Your Hand
Let’s jump right into Assessing the Cards in Your Hand after the last few entitlements we have discussed.
When you take a step back and look at all the cards you have available to you, the property game gets all the more exciting!
However, you need to remember to be strategic in how and when you play each card. Just because you have a card, doesn’t mean it’s always going to be a good time to play it.
Regardless, you do have a golden opportunity here to buy property and start building your portfolio. Let’s add up all your entitlements:
$10,000 – $30,000 (FHOG)
$11,500 (HPAS)
$24,672 (DHOAS Lump Sum)
= $46,172 – $66,172
On top of that, you have your DHOAS monthly subsidy of $477 – $954 too.
We have all this free money here, between about $46,000 and $66,000.
While it might not seem like a lot in the greater scheme of things, it can help you get started in the property game, especially if you think you can’t afford to just yet.
What is important to remember here is that you shouldn’t let your entitlements shape your buying behavior’s.
Don’t think that you have to buy a property straight away just because you have all these entitlements.
Rather keep them in your back pocket for the right moment or you might end up buying the wrong property in the wrong location at the wrong time and everything comes to a grinding halt.
It’s a game and you need to be strategic about when you play your cards. Wait for a boom and then play your cards right.
Next, let’s revisit the question of should I buy or should I rent by looking at Live-In Accommodation, Married Quarter and Rental Allowance.
Contact someone you can trust to help you with your ADF Housing Entitlements, call us on 1300 372 677 or send us an email info@integrityx.com.au.
We will empower you through education and coaching.
~Integrity Team