PHOTO: Eddie Dilleen. FILE
From Humble Beginnings to Property Mogul: The Rise of Eddie Dilleen
☕📱 Every morning, Eddie Dilleen makes a coffee, sits on the couch, and scrolls through property listings.
But unlike most millennials casually checking social media, Eddie is hunting for high-performing investment properties.
At just 33 years old, Eddie owns an eye-watering 150 properties—40 purchased in the last seven months alone.
🌱 Early Life: The Drive to Succeed
👶 Raised by a single mum in public housing in Mt Druitt, Western Sydney, Eddie’s early life was shaped by financial struggle.
🍔 As a teenager, he worked at McDonald’s, saving enough to buy his first investment property at just 18 years old—a two-bedroom unit on the Central Coast.
🔥 That purchase lit a fire. From there, he dedicated himself to learning the property game through trial and error, determined to never be poor again.
🏘️ The Portfolio: 150+ Properties and Counting
📍 Eddie’s holdings span Australia’s major cities:
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🏙️ 30 properties in Perth
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🌇 70 in Brisbane
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🌆 20 in Sydney
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🏘️ 6 in Adelaide
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🏢 30 in Melbourne
💰 His portfolio—built over 15 years—is now estimated at $100 million, generating around $70,000 in rental income each week.
📉 He carries $35 million in debt, but says it no longer stresses him out—inflation works in his favour.
🎯 Eddie’s Investment Philosophy
💡 Eddie treats property investing like a competitive sport. He wants to be “the greatest property investor in Australia” and believes his strategy sets him apart.
🧠 His approach is calculated, disciplined, and data-driven.
🏆 Eddie’s “Golden Rules” for Buying Property:
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💸 Buy below market value – Create equity from day one.
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📈 High rental yields – Target 6% or higher.
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🏙️ Metro areas only – Stay within 50km of a major city.
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🔑 Buy tenanted properties – Less buyer competition, steady income from day one.
📊 The Numbers: Real Deals, Real Returns
🧱 Recently, Eddie bought a block of five units in Melbourne for $1.67 million—just $320,000 per unit, well below the area’s median of $580,000.
💵 Each unit earns $440 per week, generating $114,000 annually at a 6.5% gross yield.
Eddie Dilleen (pictured left with his wife) is an investor with a staggering 150 properties under his belt, 40 of which have been purchased in the last seven months
🔄 Mindset: Investor vs. Homeowner
👥 According to Eddie, homeowners and investors think differently:
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🏡 Homeowners seek emotional connection and lifestyle.
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💼 Investors chase cash flow and capital growth.
📊 He analyses comparable sales, uses buyer’s agents, and reads routine inspection reports—often without viewing the properties in person.
🧱 Units & Apartments: A Smart Play
🏢 While many avoid strata-titled properties, Eddie embraces them.
📉 His first purchase was a unit—against all advice to “save up for a house.”
💬 “If I waited, the price would’ve doubled,” he says.
🧠 Educate, Persist, Execute
📚 Eddie believes education is the foundation for investment success.
He encourages Aussies to:
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Work with buyers agents and mortgage brokers
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Explore creative finance strategies
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Stay persistent despite setbacks
💬 “It’s possible to buy two investment properties in one year—with the right mindset and strategy.”
🚀 What’s Next?
🎯 Eddie’s long-term goal?
2,000 properties.
Yes, you read that right.
🏃♂️ While friends and family tell him to slow down, Eddie says he’s just getting started.
💬 “Inflation never stops—so neither do I.”
🔑 Summary: What Aspiring Investors Can Learn
✨ Whether you’re a beginner or seasoned investor, Eddie’s journey offers practical lessons:
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Start early
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Stick to a strategy
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Use data, not emotion
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Scale smartly
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Always keep learning
💬 As Eddie puts it: “It’s an addiction—but it’s building a future.”
SOURCE: THE DAILY MAIL