The Banks Couldn’t Help Them — But We Did: Jo’s Story

When Jo’s middle daughter had to move back home unexpectedly, it sparked a journey that changed their family’s financial future forever.

Earlier this year, Jo and her husband were determined to help their daughter find a new home after an unexpected issue forced her to leave her rental. The solution seemed simple—use their existing equity to buy a property their daughter could live in. But when they approached their bank for assistance, they were met with frustration.

“The bank were very unhelpful and said that there was no way we could manage,” Jo recalls, “even though we had a large amount of equity on a small loan.”

A Fresh Perspective

Disheartened but not deterred, Jo turned to a trusted source for advice—a colleague who recommended Empower Wealth.

“My boss had worked with Empower Wealth and said they’d helped her buy two investment properties, and she was planning to get another,” Jo explains. Inspired by her colleague’s experience, Jo reached out to Empower Wealth, marking the start of a transformative journey.

From the first meeting, Jo noticed the difference. “They didn’t just tell us what we wanted to hear—they were very practical and told us what we could do and what we couldn’t do, and agreed with our assessment of the bank that the information that had been giving us was completely wrong.”

 

The Right Support at Every Step

Jo and her husband were introduced to Empower Wealth’s Property Planning team, where they created a personalised strategy tailored to their long-term goals. The process involved exploring different investment opportunities, including working with a buyer’s advocate to secure their first investment property.

When it became clear Jo’s daughter didn’t want to live in the areas we could afford in Victoria, Empower Wealth started thinking outside the box, and recommended an investment up in Brisbane—a market they hadn’t previously considered. And that’s how Jo became a borderless investor.

The experience was smooth and seamless. Jo recalls how quickly the team worked once they identified the right property.

“They sent us a detailed report on the property we liked, covering everything from flood zones to local schools. By the Sunday, we had bought the house! Having someone local take photos and videos for us made the interstate process so much easier.”

While Jo and her husband initially set out to help their daughter, they quickly realised this investment was also about creating long-term wealth for their entire family.

“We’ve always been open with our daughters about what we’re doing and why. This is something that will benefit them in the future, and that’s a big motivator for us.”

Reflecting on her journey, Jo shares, “We’re very sad we didn’t find you earlier! If we had, this could have been our second (investment). But we’re grateful we made the leap.”

 

Take the First Step Today

Jo’s story is a reminder that with the right guidance and a clear plan, you can achieve your financial goals, no matter the challenges.

Start 2025 strong by booking a free consultation with Empower Wealth. Let us help you create a strategy to build long-term wealth for you and your family.

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