Client Profile:
- Family Situation: Single mother with two teenage children
- Investment Properties Owned: 1 (Queensland)
The Challenge:
As a sole parent managing a single income, this client realised the importance of preparing for retirement and paying off her home loan as quickly as possible. With steady living expenses and limited resources, she sought a solution to achieve her financial goals without compromising her family’s lifestyle.
The Solution:
Mirren helped her acquire a cash flow-positive property in Queensland with a strong rental yield of 5.05%. This investment was carefully structured to maximise returns and minimise financial strain, ensuring the client could maintain her current income and living expenses.
The Outcome:
With the property generating high tax returns and consistent rental income, the client can now:
- Pay off $36,000 annually toward her home loan.
- Stay on track to fully repay her home loan in just six years.
This case study demonstrates how strategic investment can empower sole parents to achieve financial independence and long-term security, even on a single income.