Couple reveal ‘light bulb’ moment that helped them net $1m a year in rents and retire in their 20s

PHOTO: Scott and Mina O’Neill own 32 properties. Picture: Julian Andrews Source: News Corp Australia

A Sydney couple who collect $1 million a year in rents from their 32 properties spread across the country have given a startling insight into how successive property booms made them multi-millionaires.

Scott and Mina O’Neill’s property portfolio is worth a staggering $22 million and includes commercial and residential properties in Perth, Brisbane, Sydney, the ACT and southeast Queensland.

It’s a property empire they’ve been building since 2010 when the two worked bar jobs while at university.

Their investments have been so lucrative the pair “retired” four years ago and have been pursuing passion projects ever since, including helping others get a foothold in the market.

Prior to the COVID pandemic, they also holidayed for about three months a year – often in a nine-bedroom property they own on the island of Kos in Greece.

He is now aged 34 and she is 32 and, with their rental income netting them $452,000 a year after mortgage costs and other ownership expenses, they’ve moved into exclusive Bellevue Hill.