A family of five, six years in Singapore, who restructured around a land tax problem and turned one property into two.
Laura and Joe, a couple of Australian and New Zealand citizens with three kids, had been living in Singapore for six years. They already owned a 2-bed Sydney apartment, their first property, and wanted to build a portfolio that would secure the family's eventual return to Australia. In our early conversations we spotted a problem: with both names on the Sydney property, they'd crossed the land tax threshold and were paying an annual land tax bill they hadn't planned for.
A next purchase that grew the portfolio without making the land tax problem worse. With three kids and a life in Singapore, they wanted it handled properly, not another thing to manage from afar.
We set this purchase up in the Australian citizen's name only, which avoided FIRB restrictions and costs. Because the asset sits in Queensland, it also diversified their land tax position across states rather than stacking it all in New South Wales. Full advisory and coordination throughout, so the family barely had to lift a finger.
Bought at $875,000, currently valued around $1,075,000, an uplift of roughly $200,000 (≈22.9%) in about 21 months. Projected rent of $850 per week works out to a gross yield near 5.1%. The equity raised funded a second property with us, the portfolio they wanted, building quietly while they live abroad.
2 bed off-plan apartment
Sunshine Coast, QLD
$875,000
$1,075,000
+$200,000 (≈22.9%)
$850/week (≈5.1% gross)
10%
5% · FIRB avoided via structure
September 2024
Settling Q2 2026 · onto property two
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