How to achieve mortgage free homes

We have been changing the dinosaur property model for quite some time but back then, the mass housing market in Australia were not fully ready for the Future Housing Taskforce to which our Founding CEO has been a member of the taskforce for many years. This was a project we did a while ago for Better Homes and Gardens to demonstrate how mortgage free homes can be achieved. Since then this concept has expanded to various property developments that have been built.

We built this home of around 300 m2 and each room was lettable. In total 5 rooms at around about $330 per week for each room that was letted. This gave the home owner who lived on the premises, quite a bit of income. When comparing the mortgage repayments of $40,000 per year, the property design and strategy was essentially mortgage free. The property paid for itself whilst the home owner maintained their residence on the property.

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Have a look at the Better Homes and Gardens video which was pivotal at the time so you can get an understanding. It does take a different mindset of home owners to think this way and Housing With A Purposes main clients for this strategy are distressed properties, those heading into retirement needing property cashflow strategy, community land development projects and those with land wanting to leverage their current property. Contact us today to review whether your circumstances are suitable for the program.

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