As any successful property investor will tell you, no matter what your income level, to achieve real long-term wealth – the type of wealth that sees you retiring early or living a retirement lifestyle way beyond your expectations, you need a strategy to build a portfolio of at least 4+ properties.
To succeed as an investor, it’s important to approach the process with a sound strategy and a ‘numbers’ mindset that works towards achieving your end goal.
Let’s say your goal is to earn around $90,000 pa on your properties (as of February 2022, the ABS reports the average income in Australia is $90,896).
Assuming a 5% rental yield at 2.5% inflation, to achieve this you will need a future net portfolio value of $2,605,778*.
This may seem unachievable, but by buying 4 properties over a 6 year period and holding them for approx 15 years to double in value, you can achieve this. If you are prepared to hold for 20 years then you can target even more affordable properties.
Here’s how many of our customers have used this strategic formula to achieve just that. As you can see, between 15-20 years, you would achieve the goal of $2.6m in equity.
- Accumulate multiple affordable properties with wider rental appeal to reduce vacancy rates and achieve strong yields
- Build a rent-resilient portfolio with a mix of property types
- Take advantage of evolving market cycles and stay under state land tax thresholds by buying in different cities
- Reap the rewards of a long-term mindset by holding your properties for at least 15 years
Success in property investment is extremely difficult to achieve entirely on your own, and yet so many people dive in with no experience and more importantly, no clear strategy of what they want to achieve, both in monetary and lifestyle terms.
Young couple Patricia & Alex are a prime example of the perils of going it alone. While they had all the enthusiasm in the world, their lack of knowledge, experience and confidence resulted in 9 stressful months of searching. A chance meeting with Ironfish completely changed the game and accelerated their investment journey to the point where in addition to securing their first property investment in Brisbane, they now have a house and land package and two properties awaiting settlement.
4 properties in less than 6 years.
Far more than just a numbers game, successful property investing means also adopting a strategic mindset, which is why partnering with Ironfish has worked for so many of our customers like Patricia and Alex.
We’re in this together with you, and we’re in it for the long term.
Ready to set yourself up for property investing success? Book a free consultation today.