{"id":39274,"date":"2022-06-26T10:05:59","date_gmt":"2022-06-25T22:05:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=39274"},"modified":"2022-06-26T10:05:59","modified_gmt":"2022-06-25T22:05:59","slug":"australian-property-investor-couple-reveal-their-tips-to-get-rich","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australian-property-investor-couple-reveal-their-tips-to-get-rich\/","title":{"rendered":"Australian property investor couple reveal their tips to get rich"},"content":{"rendered":"

PHOTO: The couple says commercial investing is the way to go.<\/strong><\/p>\n

An Australian couple who have built a property portfolio worth $47 million have revealed the trick to success, and it\u2019s something most of us have never thought about before.<\/p>\n

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If you want to get rich these days you need to think outside the box and turn your attention away from the shortsighted obsession over the residential property market.<\/p>\n<\/div>\n

That\u2019s according to Australian property investors\u00a0Scott\u00a0and Mina O\u2019Neill, who have grown a portfolio now worth $47 million by taking a different path than most.<\/p>\n

Mina, 34, and Scott, 35, are both from Sydney and first worked in marketing and civil engineering before growing tired of the 9-5 grind and longing for freedom.<\/p>\n

They turned their attention to investing and now operate commercial buyers agency\u00a0Rethink Investing, which has grown from a two-person company to employing 38 staff. The couple currently own 26 properties, with three property developments underway.<\/p>\n

\"Mina<\/a><\/div>\n
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6 steps to make sure a commercial property will earn you money<\/a><\/h2>\n<\/header>\n<\/div>\n

Their portfolio has allowed them to gain financial freedom from their jobs, and now they are helping others crack into the commercial property markets.<\/p>\n

They are also enjoying being able to spend months of the year travelling and working in different locations.<\/p>\n

Their main advice for those wanting to get rich? Focus on the commercial market.<\/p>\n

\u201cNow is a great time to invest,\u201d the couple said. \u201cIn a higher inflation market like the one we are in today we are seeing commercial rents increases at their fastest rates in decades.\u201d<\/p>\n

The couple, who have also penned a book,\u00a0Rethink Property Investing<\/i>, said the trick is to look broadly for options.<\/p>\n

\u201cDon\u2019t only consider investing in your own local area. Australia has many markets moving at different stages of the property cycles.<\/p>\n

\u201cInvest for cashflow and capital growth. Many investors fail to prioritise cashflow and only focus on growth. This is a mistake if you want to create a retirement grade portfolio, cashflow is essential.\u201d<\/p>\n

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If needed, residential ownership could be a stepping stone to commercial ownership.<\/p>\n

\u201cConsider residential property if you don\u2019t have a deposit large enough for commercial. Note that we recommend having at least $250,000 as a deposit for a commercial property.<\/p>\n

\u201cAnd if you don\u2019t have the time to learn about commercial property investing from start to finish, consider using an expert\/experience commercial buyer\u2019s agent.\u201d<\/p>\n

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\"There<\/div>\n

There are many misconceptions around commercial investing.<\/strong><\/em><\/div>\n

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MR AND MRS O’NEILL’S TOP TIPS FOR PROPERTY INVESTMENT:<\/h3>\n
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