PHOTO: Mina and Scott O’Neill.
IN 2010, husband-and-wife duo Mina and Scott O’Neill bought their first investment property.
They had worked hard for years to scrape together a deposit of $60,000, and were excited to snap up a large house with a granny flat in Sydney’s Sutherland Shire for $480,000.
The house delivered a healthy rental return of $670 per week, a return that has grown to $1050 per week today.
After two more years of saving, the couple bought a unit in Maroubra in Sydney in 2012, where they lived for a year.
They then decided to add to their portfolio by purchasing four units on the one title in Port Macquarie for around $425,000.
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