PHOTO: Arianne Endrizzi and her mum Susan Putnam. Picture: Supplied.
A Queensland stay-at-home mum and owner of four properties, Arianne Endrizzi, 35, says her best decision was investing in real estate rather than spending on luxury items like Chanel.
While struggling to save for a home deposit, Arianne received two financial windfalls after the deaths of her father and grandmother within months of each other.
Arianne and her husband, Chris Endrizzi, now have two children and are using their property investments to secure a better future for their family.
Initially, they invested in regional areas to gain a foothold in the real estate market. Arianne always aspired to buy a house but found saving for a deposit in Sydney nearly impossible.
“It all happened within six months from diagnosis to organizing a funeral,” she said of her father’s passing. “He bought his house in Alexandria, Sydney, in 1989 for about $90,000.”
Three months after her father’s death, her grandmother passed away at 95, leaving her a sum used to purchase a $315,000 home in country Victoria, now worth about $500,000 and generating $420 weekly in rent.
“With my inheritance, I could either spend it or invest. I didn’t buy Chanel; I bought houses to set up my family. Property, as my grandfather would say, is more meat and potatoes,” Arianne explained.
Arianne Endrizzi and husband Chris Endrizzi have two children now and using property to ensure a better future for them both. Picture: Supplied.
The couple started out in the regions first to get a foothold in the real estate market. Picture: Supplied.
Chris already owned a property in country Victoria when Arianne began her real estate journey using inheritance funds. The extended family now lives together in a multi-generational home with her mother, Susan Putnam, residing downstairs and the Endrizzis upstairs.
Arianne was initially surprised to find that houses in Chris’s hometown of Mildura cost the same as a deposit in Sydney, making regional Victoria the starting point for her property journey.
They planned to move to Queensland but changed their plans when the pandemic hit and Arianne’s father passed away.
Her other properties are in South East Queensland, where she found prices more affordable compared to Melbourne and Sydney. Following the pandemic, many people moved from southern states to Queensland, prompting Arianne to invest there.
They leveraged the equity in regional Victoria to build a townhouse in Moreton Bay and a house in Yarrabilba.
Mr Endrizzi already owned a property in country Victoria when Mrs Endrizzi began her real estate journey sparked by inheritance funds. Picture: Supplied.
Arianne, along with her self-funded retiree mother, co-owns a newly built property in Redland Bay, now ready for rent. Her mother also invested in another rental property after selling her principal residence in Sydney, impacting her pension eligibility.
Recent data from the Australian Bureau of Statistics shows that family co-ownership is rising, with 15% of home purchases involving family members co-owning properties in 2023.
The extended family live together in a multi-generational home with Susan Putnam downstairs and the Endrizzis upstairs – an arrangement they are very pleased with.
Arianne advises young people to explore investment options, especially if they can stay with their parents, emphasizing the need for alternative income streams in today’s economic climate.
SOURCE: NEWS.COM.AU