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We gratefully acknowledge our clients for sharing their experiences,
so we can help others just as we have helped them.
“An early start on setting myself up for the future”
Andrew B | Geologist | Kalgoorlie, WA | 27
I became interested in wealth creation from a very young age. My parents are quite experienced in investing with a mixed portfolio of shares and property so I guess that is where my curiosity began. They were able to share their experiences with me but felt bad about investing. I was really encouraged to invest in shares as it was a good mechanism to start off with. My parents encouraged me to buy my first shares at the age of thirteen with money I had earned doing holiday work instead of wasting it, which was very tempting at the time! I monitored it at the stock markets regularly and calculated how much money I had made. Each time the value of my shares increased, I dreamed about what I would do next. Even at thirteen, my interest in wealth creation was strong.
From my early teens I read book after book about investing on the stock market and about the property market. I had a lot of questions and a huge curiosity about how to build wealth using these vehicles. I quickly learned that “knowledge is power” so I kept reading and learning.
When I graduated from university I started working full time for a mining company in Kalgoorlie at the age of 23. While some of my mates were spending their money on cars, bikes and holidays, I was looking at property to increase my wealth. I had read an enormous amount about property and different wealth creation strategies and armed with this knowledge I decided it was time to jump into the property market. I bought my first home in Kalgoorlie in 2004 which was really exciting as I bought something that has appreciated in value rapidly and given my passion for investing an extra boost.
A year later, I decided to use the equity that I created in my home. I got a line of credit so I could do it all again. Perth was doing really well at this point in time and I decided it would be great to get into that market. The only thing I was disadvantaged by was that I live 7 hours from the city. A work colleague had recently bought a property with Property Wizards and recommended I work with them to buy a property in Perth.
I wanted to buy a property which I could just buy and hold and wait for the area to appreciate in value. Within 14 days of signing I had that property; a 4 bedroom house on a good sized block in a fast growing suburb. It was a brilliant location and had all the right growth factors set in place so I could just sit back and wait for the equity to pool in the property. It was minutes away from several schools and the university, sporting centers, the main shopping centre which was getting a massive refurbishment, ovals, the pools, the new train line and the ocean is only a few minutes drive away.
I haven’t had it valuated yet, but since I bought the property there has been a lot of development and upgrading and I am sure that I have created substantial equity which I will use to invest again in the near future.
t was great to work with a company that truly understands the keys to making money through property. The investment I made was not about buying a pretty house, it was all about the land and its location, as this is what creates wealth. The home is rented out which gives me income along the way to help with the cost of the investment, but it is the growth where the real income is made.
It has been great to get such an early start on setting myself up for the future; I know that by the time I have a family that I will be comfortable enough to enjoy the journey without financial stress. This is not something a lot of people my age can say. I enjoy property investing and what it can do. My goal is really just to have the ability and freedom to do whatever I want to do whenever I want to. I’m not really focused on retirement at this point because I am still quite young. Based on what I have done already I have confidence in using property as a wealth creation vehicle and will be looking to continue investing in property.
5 Properties in 5 years
Alberto De Grazia | Rigger | NSW | mid 40s
My wife and I sat down a few years ago and discussed our future.
We have both worked really hard in our lives and agreed that we didn’t want to have to work into our 60s. We set a goal that we would retire comfortably in our mid 50s.
This plan meant that we needed to find a way to make this happen as we were well aware that our regular jobs were not going to give us the financial gains to achieve this goal no matter how hard we saved.
I didn’t know anything about the share market and felt a lot more comfortable with property investment.
I had some experience in property investing from a few years ago when my brother and I bought an apartment in Sydney. We went into the purchase without knowledge of current property market conditions, prices or any other information that may have helped us make a better decision, so in the end we bought a property for which we paid too much and didn’t make the capital gains we had hoped for.
To increase my knowledge of investing I started reading the Australian Property Investor Magazine and in one of the magazines I came across the advertisement for Property Wizards. This sounded like a great opportunity; I had heard about the booming WA market and didn’t think twice about calling them to speak about their services. This time around I wanted to do it right and felt more comfortable working with an expert rather than buying a property on my own without any knowledge of the market, I had the added benefits of being able to learn along the way.
After speaking with Trevor on the phone, my wife and I flew to WA to meet with him and inspect some of the properties he had found that would give us the capital gains we were looking for. We didn’t settle on a property while in Perth, but Trevor called us shortly after we got back to Sydney with some options. The options were too good to pass on, so rather than just buying one property, we ended up buying two. Both properties were in our budget and were a perfect match for our “buy and leave” and capital gains criteria we had given to Trevor.
The properties could not have been more perfect for our purposes. We had them valued last year and they were valued at $313,000 more, that’s a combined capital growth of more than 60% over two years. My wife and I used the equity of both properties to buy two more properties in Brisbane, which with the knowledge we gained through Property Wizards we were able to manage on our own.
Once we have built up further equity in our current properties we are looking at getting two or three more to really bolster our retirement fund. In the long run we will look to sell some to pay off any remaining debt and keeping the others for their steady rental income and capital growth. By the time we reach our mid 50s we will be able to borrow against our equity and cruise around the world for 12-months. This is something we are really looking forward to.
So in 5 years we have been able to accumulate a property portfolio of 5 properties across three states worth around $1.5-2million.
By only putting our money into savings and just continuing to work, we would never have been able to achieve this, not even by the time we retire.
“Setting ourselves up for a great retirement”
Dene Wood | Art Director for a marketing company | VIC
My wife and I embarked on a wealth creation journey to ensure that our retirement was financially secure and relaxing. As we didn’t run a business of our own and superannuation is a new thing, we knew that what we had was not going to provide for us and we certainly didn’t want to leave our quality of life later on to chance.
We did some research and a whole lot of learning and started buying a mix of property and shares, the properties we bought in Victoria where we live have done really well. The market there was flattening off in the Eastern states and Perth was on a boom, so we did some more research and decided to go ahead and buy an investment property over there.
There was just the small problem with this plan, and that was that we live on the other side of the country, 4 hours flight away from Perth. There was no way we would be able to make a great purchase living in Victoria, and we didn’t want to take time off work and spend money traveling back and forth to make the purchase. Even if you take the time and fly or drive there, you don’t always know the specifics of one area over another area and even through internet research, unless you are really familiar with all the areas, you are still not able to see the little nuances that an expert’s insight can give.
When it came to capitalizing on the Perth market I needed to align myself with someone in the market who knew what they were doing and had their finger on the pulse and heart of the Perth market. Therefore I had to ensure that this investment was a financially wise choice which would generate equity and profit for more future purchases. It was great that I could discuss my investment criteria extensively and clarify research that I had done in Perth to make sure that I was at ease and comfort with the Property Wizards spending my money and selecting the egg to add to my nest.
From the initial research I had done prior to engaging Property Wizards, I chose my area to invest in. After having extensive discussions with the team at Property Wizards we decided not to pursue this area for my purchase, as to get the growth that I desired I would have to purchase a property in a much higher price bracket on the water, anything else was not going to provide me with the value-add that I desired.
The team found me a great property located in the next main hub, closer to Perth. This area was going through extensive growth and change, the railway line was due to come through and development was going on everywhere, from the shopping centre revamp to the foreshore makeover. We secured the property for less than my budget and a year later , when I was ready to invest again, I had it valued and in 12 month when the value had increased by a third. That gave us leverage to invest yet again.
It was a great experience working with Property Wizards as we were comfortable with the whole buying process and trusted them to make the purchase for us. Still to this day we haven’t been to the property, I have only viewed it on Google earth, I have even been swimming with the dolphins in the beaches nearby and we didn’t go to view the property which was only 10 minutes away. At the end of the day it is a money making asset and not something my wife and I are emotionally attached to. We have had tenants in the whole time, which Property Wizards also assisted us with and now it basically takes care of itself and is just accruing wealth for us.
My wife and I are on our way to having a secure future and our kids are learning about the importance of investment and how it can leap-frog you financially into freedom. Personally I am not passionate about actually owing the pieces of property, I am just passionate about how it can provide for me financially in the future.
“It’s about freedom of choice”
Dominique & Jakes Raubenheimer
Having moved from South Africa, we realized that we would need to build our superannuation to ensure we weren’t reliant on a government pension after retirement. We saw property investment as a forced way of saving.
We had first lived in Queensland (Mount Isa) and bought our own home there. Being a mining city, we were not sure about the long term growth and we sold that property when we moved to Perth – still making a 50% profit! We also bought our first investment property in Queensland, which we still own. As soon as we arrived in Perth, we set about looking for another investment property.
As we were new to the area and not familiar with the suburbs and growth potentials, we needed some support. We found Property Wizards and immediately felt comfortable with them as they were very efficient, professional and easy to talk to.
We told them what we were looking for and they set about and did everything, all we had to do was sign up and wait. It was fantastic as they know the Perth market inside and out, so we knew our investments and future were in good hands.
It wasn’t long before Property Wizards came back to us with a great property. From here everything happened at the speed of light. It was close to a new railway station which was due to open in a couple of years and it was also close to the beach, shopping centre and all other facilities which attract tenants. All the odds were stacked in favour of great capital growth.
We went down and inspected the property. We instantly saw the potential and called Trevor as we walked out the front door and said that this was it. He immediately had the offer ready to go, complete with clauses to protect us, which we submitted and before the first home open even occurred on the weekend the property was ours at about $10,000 below market value. Bang, bang, bang! – we were impressed.
The background checks showed that there were unapproved structures on the property and because of our protective clauses, we were able to get the seller to get council approval before we settled.
All we had to do ourselves, was a weekend paint-job and send 20 gnomes to garden gnome heaven so we wouldn’t scare off potential tenants!
The property has done really well. It was tenanted within 3 days of settlement and we have had the same tenants since we purchased it. The value had increased dramatically so we used the equity in this home to purchase our next home in the coastal suburb of Mindarie, which we now rent out as furnished short term accommodation.
The first investment property has increased 70% in value in just over three years, which is fantastic!
We have had to make a few sacrifices along the way in order to have our investment properties, but we have just changed our mindset and the way we look at things.
We still believe in enjoying life, but prioritising. Rather than seeing it as a sacrifice, we see it as part of the journey and making choices now which would give us greater freedom in future.
We currently have 3 investment properties in our portfolio and aim to reach 10, which will enable us to sell a few later and be debt-free. Jakes wants to ‘retire’ by the time he is 55 and have the freedom to do as he pleases – being property renovations or just traveling and having the choice of working or not. We do plan ahead but our motto is ”subject to change” which keeps the whole experience exciting!
We love the whole journey of property investment and we do things a bit differently. Usually we look at what 95% of the population are doing, then we do it a different way. We bought our investment property with Trevor before we bought a home to live in. We also rent even though we own properties, we see our tenants as business partners and like to look after them. But they in return look after us by maintaining the property beautifully. So property investment is fun and our passion and will also provide a future of choice and comfort for us.
But investing is not just about financial gains. We have learned a lot along the way and encourage others in our life to do the same and take control of their own futures today. We also strongly believe in giving back to others who are less fortunate as this is the only way of attracting good fortune.
We would honestly recommend the services of Trevor and Liz at Property Wizards. Take the next step and allow them to take you on your own journey.
“It’s never too late to start”
Doreen Fenn | 56 | Registered Nurse | Duncraig, WA
I am originally from South Africa and after spending time in London and Saudi Arabia I arrived in Perth in 2000, bought a home and settled into my new life in Australia.
I knew that if I wanted to live comfortably after I ceased working, I would have to do something about creating a retirement fund. I needed to create some wealth relatively quickly in order to feel secure in the years to come and not be reliant on a pension. Furthermore I didn’t have any superannuation as a back up.
I knew that I would have to implement a plan quickly as I was already in my 50’s and didn’t want to have to keep working for another 10 years or more. I was advised by many people around me that property investment would be a safe way to work towards my goal and invest in my future.
I set about investing in my goal, as I didn’t know anything about real estate I thought I would be safe with a large well known company. WestPoint made everything sound so easy; I was pleased to become the owner of a 3 bedroom apartment in the CBD, with so much going for it. All I had to do was sit back and wait for 6 months whilst renovations were being completed.
After this they would contact me with the go-ahead to sign tenants up and my first investment property was done, so, so easy.
Unfortunately the plan didn’t roll out like this, one year later and I had a battle on my hands when WestPoint went under and I along with many other unfortunates lost many thousands of dollars, thankful I didn’t loose as much as others who lost everything, but I still lost a significant amount of money.
Did I trust real estate agents? No……. But I still had to do something.
That’s when I was introduced to Trevor and his team. I was very concerned about trusting anyone again with my money and future, but in a very short period of time I felt total trust with the Property Wizards team. I enjoyed receiving the constant personal attention focused on finding me the perfect property within my specifications and budget.
Before I knew it I was matched up with a well located 4 bedroom, 2 bathroom house in a good area and within my budget. This time I bought something that I could go and see as well as physically touch, this time it was for real. The property is located in a fantastic position, central to everything you could need, plus the area is getting made over and revamped everywhere.
We snapped it up and I have had it tenanted the whole time. The property would have grown at least $100,000 since I bought it, which made me a very happy customer. I am looking forward to making my next purchase – there is no way that I would do it without Property Wizards by my side.
My relationship with Property Wizards is ongoing, it isn’t just about them buying you a property, when you work with this team, you become part of their family and journey with them on the path of property investment, wealth creation and financial freedom. It is not just a business, it is a passion and this has made all the difference to my journey.
“The answer is Property Wizards”
Fiona and Ian Kealley | Teacher and Forester | Regional manager | Kalgoorlie, WA
When we first decided to buy a property in Perth we were faced with a lot of questions.
How do we do this from Kalgoorlie-Boulder, 7 hours drive away?
How would we be able to negotiate and liaise with the different agencies and businesses who are involved with purchasing a house plus manage our home, our jobs, our weekends and more importantly, maintain our sanity!
Of course the answer was Liz and Trevor from Property Wizards.
We had no idea that such a thing as buyers’ agents existed and found them through the REIWA website. It’s so logical – people readily pay Seller Agent fees, so why not engage a professional to buy for you?
We haven’t had a single regret. From the first contact until handing over the keys, Trevor and Liz guided us through every step and liaised with all parties on our behalf.
They were representing us and we felt confident that our interests were well looked after. We especially found their property inspection checklist and the follow-up with the selling agents very reassuring for us as buyers.
Regular communication kept us so well informed and their professional and friendly manner made it so easy. They even dropped by for a visit once the house was ours!
We now have a great investment property in Kardinya, close to Murdoch Uni for our son and a reasonable distance from our daughter’s workplace.
We thoroughly recommend Property Wizards! Just pick up the phone and call!
“We achieved our goal 3 years earlier than our plan”
Dale Gatherum-Goss | Retired by 43 | VIC
My wife and I knew from our twenties that we wanted to retire early and would only be able to achieve this goal if we were to take charge of the process ourselves and find a way to create the wealth required to achieve our goal.
It wasn’t until our late 20s that we really started to do anything about it and it wasn’t till our early 30s that we actually started getting quite serious with the array of wealth creation concepts around. It was at this stage that we set an incentive and goal of retiring by the time we turned 45.
In order to achieve this goal we had to make a few sacrifices for the next few years, we chose to live moderately, minimizing the purchase of unnecessary items, expensive dinners and those coffees that seem to add up to a lot of money. We were financially conscious about where our money went rather than frittering it away and we bought what was needed and minimized the waste.
We threw ourselves into this mission and read a lot about different wealth creation strategies as well as attending some weekend seminar, through this process we found that property was predominantly the strategy used by people who had successfully created a lot of wealth, enough too be able to do as they choose and this is the freedom that we desired; to do as we choose, retire early and live a luxurious life.
After a few years of investing, we decided to capitalize on the growth in the Perth market. When we began looking for properties in Perth, we were unsure where to buy. It was important for us to buy a property in an area that was going to give us a lot of capital growth and help us along the way with our goal of retiring by the age of 45. I picked up an API Magazine and saw the ad for Property Wizards and three other like companies. I called them all. The first two never called me back and the third one I didn’t care for.
Property Wizards followed right up and called back the next day to make sure that we had everything we needed, they were very comforting and reassuring. Their professionalism came through in every interaction.
In the heated market it did take us a little longer to find a home under the parameters we wanted (about 2 months instead of a few weeks) but Property Wizards communicated right up-front all of these details. We had clear expectations and we were happy with this as it was important that we bought the right property, at the right price, to ensure that it would be a wealth creating asset in the years to come.
Property Wizards moulded their search around our criteria of a buy-and-hold in a high growth area and bought us a fabulous property in a great area at just the right time.
We bought in an area that is armed with an array of equity building economic drivers which almost 100% guaranteed the future growth of a property bought in this area.
We bought this property minutes away from beautiful beaches, a foreshore which was being upgraded with lots of new shops, cafes and restaurants; the main shopping centre was also being given a complete makeover. The train line was due to start running in the next few years with 2 train stations in the area and there is still a lot more development planned. The area was and still is just exploding.
We had the property evaluated a year after we purchased it and that value had gone up over $100,000 in a year, that is like getting a 3rd really good annual salary without actually doing any extra work, we were so very happy with this and the crazy thing we haven’t even been to the property, still to this day. We relied on the Property Wizards and their systems for finding us the right property which they did.
What makes it different buying property with Property Wizards is the strategic process behind buying the property, we could have bought without using the agency and the property would probably have done well but it would not have been an educated choice.
In just over 10 years my wife and I have achieved our primary goal, we set a target of retiring by the age of 45 – I retired at 43 and my wife retired at 42. We are living what we consider the good life. We travel every year, we have actually just been to London, Paris and Spain as well as taking smaller trips around Australia, but more so than anything we have lots of time on our hands and no real obligations. We are able to live our lives as planned, we are able to take time to enjoy ourselves and do as we please. Our portfolio of soon to be 10 properties as well as shares and cash allow us to live totally of the income they generate.
“I sold my property to help me have a year off work”
Karen Muddell | Fitness Professional | Sydney, NSW
My work keeps me busy but I understand how important it is to have access to opportunity when required and my story is about just that.
I have a few investments and one property was in Perth. I had been watching the market for some time, reviewing what was happening and looking for an area where I would buy. I decided that I would invest in the West Coast. The market hadn’t peaked like it had in Sydney so I knew I would be able to get a good property at a reasonable price and obtain good growth in the next few years.
Working in the corporate world in Sydney means there is one thing that I definitely can’t buy which is my time. I knew that I would have to work with someone if I was to buy a property in Perth. I didn’t have the time nor the funds to be flying back and forth and staying in hotels in order to make a successful purchase especially in a hot market. I contacted Property Wizards.
My budget was limited so Property Wizards and I decided on a unit. I bought a modernised one-bedroom unit in North Perth on Russell Street. The unit was super close to everything and walking distance to the city, plus it was a brilliant suburb for capital growth because of its location and lifestyle appeal. There were already tenants in the property so I didn’t have to worry about losing income while trying to locate new ones. I secured the unit at a great price.
I found myself in a personal situation where I wanted to take a year off work from the corporate world to set up business of my own as a fitness professional. In order to do this comfortably without any financial stress I decided to sell the property in North Perth. I sold the property for a third more and this has allowed me to live very comfortably since I left work.
Having the property grow and work so hard for me while I continued to live life would have been wonderful, however it would have been challenging to manage the investment costs on a monthly basis whilst trying to start up a business at the same time. Because of this I decided to pursue a different path in life I had options available to give me the freedom to do this.
I was able to sell my property in Perth and even though I had only owned it for a short time, I was still able to make a nice profit which has helped me to take time off work to establish my own business. The success came from using Property Wizards systems to ensure that I brought a property with all the right money making factors.
“Wealth Creation = Property Investment = Filthy Rich”
Robert Jenkins | 44 | English Lecturer | Fremantle, WA
About 6 years ago I started my wealth creation journey. I was in my late 30s and realised that I didn’t really have much to show for all the years I had been working. I had no savings, no property, no real assets and I didn’t see how continuing to just rely on my job would get me much further in life. I was looking for ways to turn this all around.
I wanted to be filthy rich, I wanted to establish charitable organisations that will get kids off the street and into half-way homes, fund indigenous schools, I also wanted a few things for myself like a nice car, nice house and 2 overseas trips a year. In order to achieve all this I knew that I would have to push myself out of my comfort zone.
I did some research into wealth creation and completed quite a few home study courses and seminars with various experts in this field to help me develop a good skill set and knowledge base to move forward in achieving my dream. When I felt ready I jumped into the property market.
I had been doing some research about buying property when I came across Property Wizards in a property investment magazine. I thought that it would be a smart strategic move to work with experts in the field whom I wanted to use as my vehicle to wealth creation and to enable me to increase my knowledge. I decided to work with Property Wizards after reviewing their website and the depth of content available, they knew what they were talking about. I was also able to sit with one of the property advisers and have many in-depth conversations about investment. It was nice to talk and learn from people who knew what they were talking about.
My investment criteria meant I needed a property that could provide me with capital growth. Property Wizards’ systems soon found me a property which I bought at the peak of the market. I recently had it valued and it had increased in value by 10%, even though the market has softened, which confirms that it was very well priced when I bought it and is definitely the right property. It’s a 3×1 near the ocean and it has all the right growth drivers in place for long term capital growth. It is also rented out, so I have a regular rental income that offsets part of my loan repayments.
In the meantime, with the equity pooled in this investment property and the knowledge I gained from Property Wizards, I was able to purchase more capital growth property and this has brought my portfolio up to three wealth creating assets, which puts me well and truly on track to becoming “filthy rich”. Once my latest property has finalised I will be looking at buying again, this time it is my time to buy a home of my own in a place where I really want to live, which is in Fremantle. I will be able to move out of my current tiny apartment which I am renting – It will be nice to have some space and independence of my own.
My wealth creation journey isn’t without sacrifice, but I know that it is a sacrifice that will be well worth it in time. Purchasing these properties has meant I have had financial limitations on the lifestyle I can lead, as once I have serviced the loans on a monthly basis, not much is left for my personal use. However, I have taken a longer term approach and know that in the end, once I have attained my goal of becoming wealthy by building an admirable property portfolio, I will be living an affluent lifestyle doing what I want, when I please and helping people who are less fortunate in life.
“Flexibility to do what we want”
Simon De Marchi and Suzie Pismiris | Flight attendants | Aged 45 & 43 | Clovelly, NSW
Suzie and I both work in the airline industry as flight attendants and are always out of the country.
When I was left with only $60,000 after my first marriage, I knew I had to do something. Suzie and I, both in our early 40s, undertook to invest in the property market. Our primary goal was to pay our existing mortgage down to a comfortable level. We knew property was for us as it was a more stable long term investment. Because we both were very time poor and out of the country all the time, it was very difficult to understand and research the current market. What made me get the motivation, were the stories in API magazine.
I was using an online property investing forum to gather information on buyer’s agents in WA. As I was gathering information on the forum about buyer’s agents I noticed that Property Wizards kept coming up in the online discussion and all the comments were positive. This is what gave us the confidence to approach Property Wizards.
When Suzie and I used Property Wizards we were buying at the peak of the market. Since both of us are mostly overseas it was a challenge to get us together to discuss any properties which were suitable for our strategy. In the time between finding the right property and both Suzie and I getting to a fax somewhere in the world on our travels to sign an offer, the best properties were being snapped up by other buyers. We decided to put all our faith in Property Wizards by signing a blank offer, while knowing that the conditions in our offer were there for our protection which made it easier for us to do this. This would secure a great property without missing out.
The property that Property Wizards found was under market value. The deal was done after phone discussions while I was at hospital with my ill mother and Suzie about to fly to Italy. When Suzie went to inspect the property after settlement she was surprised to find the block was way bigger than she had first thought and was closer to the beach as well.
Both Suzie and I knew that this property put us on the road to financial freedom and we plan to use the equity in 3 to 5 years’ time to invest again. Because we are both employed by a major airline, we don’t have guaranteed job security and it’s so good to have the security of our property investments. It has put us on track to being able to choose to work or not, having enough money and flexibility to do what we want.
“Whether you think you can, or you think you can’t – you’re right.”
Wilbur Tong | 30 | Corporate Finance Manager | Perth, WA
From the moment I started work I knew that I couldn’t rely on my salary alone to sufficiently create a comfortable position for myself in life. I felt most comfortable with using property as my vehicle for creating wealth and started on the journey shortly after starting work. In the beginning whilst I embarked on my journey, I had to make really large sacrifices in order to get a kick-start at such a young age.
I worked as a business analyst by day and waited tables by night to get enough money together to help me with my first purchase and then later assist with the mortgage. Working these long hours also impacted on my social life, but I took a long term approach and I felt it was the right choice for me.
When I saw the growth in property value I could see the rewards of my hard labour and sacrifices and saw how much it had paid off. I felt inspired to do more, it is a great feeling to see what you have achieved. Within a few years of starting work full time, I had bought two properties.
I moved to Perth to pursue my career and decided to capitalise on the market over here as Sydney had already peaked and I had ridden the whole cycle. I was keen to jump in and do the same thing over here in Perth.
The only problem is that I didn’t know the Perth market at all, WA takes up one third of Australia and I had no idea where to even start looking for an investment property. I knew I needed the help of some experts.
I met with the Property Wizards team and discussed my overall strategy which is to create wealth and ensure financial freedom later on in life, I didn’t intend on always working so hard. It was once I’d seen Property Wizards methods and results that I decided on a strategy of buying a property that I could subdivide, to create extra value and additional equity.
We secured a great property in a small area where they were planning new zoning to a higher density. This would mean my property would go from one to 5 sites and possibly I could get 6 with some special applications. It meant I had to be patient for a few years while the wheels turned. A valuation completed just recently showed that the value had increased by almost $200,000 in just 2 and a half years.
With the Property Wizards methods I also bought another property where I have almost completed the subdivision and I am waiting for the titles to be released, so the value of the property will go up once I have the additional block.
Working with Property Wizards has been a great learning curve for me, tapping into their wealth of knowledge and fine tuning my buying strategies and processes and implementing their systems, has made me a smarter, wiser buyer.
I love what property can do and will continue to keep buying, creating equity and locking in that profit by buying more property, time and time again.
“We saw buying property as a way of saving”
Marcus & Roslyn Jinks | Accountant | UK
Marcus and I have made plans to move to Australia in five years time, we have our VISAs approved and just needed to stay in the UK for a little while longer. Even though we weren’t moving immediately, we wanted to get into the property market as quickly as possible as we knew that prices would just keep going up and weren’t sure what the salary transition would be.
We decided to start looking for a property which would be our new home or if on the off chance we didn’t move over, it would become an investment property.
We looked on the internet to see who was able to help us and came across the concept of buyer’s agencies, people who would run the purchase for us. This was a perfect solution considering we were living in the UK, we also didn’t have time to come over and do it ourselves. Of all the agencies, Property Wizards website had the most information and funnily enough it was the pictures that sold me, they showed exactly what we were looking for, which instilled faith that they could buy our home for us while we remained in the UK.
Not long after we signed up with Property Wizards, I was made redundant and Chris and I also just found out that we were going to have a child. We panicked and wanted to pull out of buying a property in Australia. We discussed the pros and cons heavily but decided to pursue the purchase anyway, we couldn’t decide if we were being mad or wise. Our friends certainly thought we were crazy employing people we had never met in a country we hadn’t been to, to buy a home for us, nevertheless we went along for the ride and it all turned out wonderfull. It also didn’t take me long to get a new job either.
Chris and I had about 20 – 25 criteria that any property we wanted to purchase had to meet. We definitely wanted to buy a property near the beach and within close proximity to the city – this was important for us, for both lifestyle and work choices. From research we were aware that buying on the coast close to the city was way out of our budget. The Property Wizards team was sure that they could find us something that we would like.
We ended up buying a lovely home on a corner block in the second suburb back from the beach and still quite close to the city, 2km from a marina and near all the facilities tenants look for. Plus it was in our price range. We were sent a load of photos so we could basically see every nook and cranny of the home which is great as it really did give us a great feel for the property.
We were so happy with that, but we got an added bonus with the property, something that we would never had expected nor knew about. The block we bought had the potential to be a duplex block, so we were getting two homes in one if we chose, which would unlock further profits for us in the future.
As the block we bought is a corner block, once the subdivision is completed, we will have two street facing blocks which will give us a better sale price than if it had been a rear subdivision.
Our property was on the market for $399,000, which was less than similar single homes without the potential to subdivide and we secured the property for $362,000, that is a saving of $37,000.
Since we owned the property, it has been leased out and run by a property manager recommended by Property Wizards, so once again working with Property Wizards has been beneficial as we didn’t have to go through the whole process of selecting someone we could trust.
At the end of the day Chris and I are extremely happy with both our purchase and buying experience, as well as the outcomes since. We saved on the property, satisfied all our criteria, received an added bonus with our block which will give us more financial gains in the future and we have been able to recoup money on the investment while we are in the UK by renting it out, taking a leap of faith in our uncertain situation has worked out extremely well for us, we are so happy with our whole investment experience.
“Push too hard and you can come undone”
John & Jenna Bauer | early 30s, | Electrician & Human Resources | QLD
My wealth creation journey stemmed from a decision to go back to university to complete year 12 and commence a Bachelors Degree in Information Systems. I got about halfway through my program when I realised that I was going to be in the same position financially, if not worse, after graduating from University, than I would be if I was to continue my trade as an electrician, plus I would have a debt for all the course fees which are very expensive.
I made a decision to leave university. I was dead flat broke and knew there had to be a better way than this. That is how I started attending wealth creation seminars. I started reading everything I could about creating wealth for myself, attending many, many seminars and it wasn’t too long before I permanently put my foot on the path by buying my first property in 2002.
After a few years and having bought a few more properties I decided to use some of the equity we had built up. After talking with Trevor Dunkley I was confident that Property Wizards’ methods would find me a wealth-creating property.
Property Wizards systems found me a great property in Spearwood which their criteria showed up to be a winner:
• It was a very unique site. It had a special 4 unit zoning amongst other properties that were predominantly single residential.
• It was in an area near the ocean with a lot of development and a new marina planned so interest in the area would grow fast
• It was mostly land value, which was a key driver of growth. In fact the valuation showed it was 92% land value and 8% house value.
• The house was almost a free extra to generate rent, on a purchase of very good growth development land – this was an excellent growth strategy.
The ironic thing is that we bought it for $385,000 off two brothers that were actually real estate agents and had no idea of the gold mine that they were selling. The valuer was amazed Property Wizards even found it and rang them to ask “how did we work this one out?”
I sold the property 12 months later for $560,000 without even doing the subdivision, That is a $175,000 profit in 1 year. The suburb growth for that year was 25.8% which meant my property would have sold for $484,000 but as I had such a unique property, I sold it for a lot more, making my gains 77% more.
My wife and I are definitely property people, we were advised to go into managed funds and shares. This was not such good advice and our experience wasn’t so positive. Because of this, Jenna and I will use any capital growth to reinvest into property and continue to focus on growing our portfolio.
Our profits from using the Property Wizards system have absolutely leapfrogged us way ahead in our property wealth. In a short period of time I have been able to grow a portfolio which has peaked at $2.5 million. There is no way that I would have been able to achieve that just by working, be it as an electrician or an IT expert. I am still young and by the time my wife and I retire, we will be able to live on an annual income of around $140 – $200K per annum, that is a comfortable pension.
Jenna and I are planning to have a family soon and it so comforting knowing that we will be able to cope comfortably when we have to cut back to a single wage, as well as the fact that our children are provided for in the future.
“Worth every penny and then some”
Neil Provins | Geologist | West Perth, WA
My partner and I have moved often and suffered both the benefits and shortfalls of changing property markets. Living in our own downtown apartment, we debated whether to pursue a beach house as an investment or a home in the Perth suburbs.
Logic prevailed and we began investigating opportunities in local suburbs through the newspaper – our long term intent was to provide capital growth returns that could later be used to fulfil the dream of an ideal retirement home. The Perth market at the time was beginning to get hot and it appeared to be the perfect time to get into the market.
Like many, we commenced the process by doing our own research, going through the newspapers and visiting home opens. Frustration came quickly, with properties not being as promised or those of interest being already under offer by the time we arrived. It was clear that we lacked the knowledge, versatility and mobility to act quickly as we were both employed and often too preoccupied to be in the right place at the right time.
Having immigrated to Australia some years before and experiencing the use of professional services to find the ‘right place’ to rent in Brisbane, I was aware that professional help was available and worth consideration. Investigation into finding this sort of help led me to Property Wizards and we contacted them immediately.
We met with Trevor, candidly discussed our needs, desires and limitations. Initially the proposed cost of Property Wizards’ services seemed high but we rationalised and soon saw the benefits far exceeding the shortcomings. We signed up.
Within six weeks we had the perfect property in a good growth area, with the potential to retain the home and subdivide into two street-front lots. To our benefit, the professionals found the right property, our outlay of time and frustration was minimised and we were able to secure it.
We set about doing the subdivision and were partway through the process when circumstances in our life changed. The home we were living in ended up being in a very noisy environment due to new commercial development. Peaceful living was no longer a reality. We decided to advance the dream of securing an upscale location sooner than planned. We sold both our current home at the time and the investment property and got something truly nice.
Working with professionals paid off! Because of Property Wizards, we bought the right property. Even though we didn’t complete the subdivision we were able to make a very significant capital gain. The property sold within a week yielding a growth of $145,000 in just over 2 years – a 46% increase. There are few other forms of investment giving returns like that with so little risk.
We have since bought a lovely home in a quiet area of West Perth just minutes from the city. This new property is a great asset and the value will just keep going up. Certainly, it would not have been possible to purchase this lovely home and fulfil the dream without the additional capital we accumulated through the investment property.
We are now getting ready to invest again with the aim of capital growth. We strongly believe that it pays to have expert professionals work with you to have the job done properly. Months could have been wasted looking for the investment property ourselves and we still may not have secured the right property for maximum growth. Once we teamed up with Property Wizards it was all done within six weeks. Property Wizards found the opportunity, ensured we were there early and smoothed the way to securing ownership. Our time was not wasted and the frustrations were gone.
At the end of the day my belief is that any short term cost is worth it for the upside of long term gain. Without the aid of Property Wizards, we could have just as easily looked at short term gain resulting in long term pain.
Their services really are worth every penny and then some.
Kellie Hubbard | Terrigal, NSW
My husband and I chose property investment as a way of saving which we see as more secure than shares and a more reliable way of saving, rather than relying on us being disciplined enough to put money into a bank account and not touching it.
Having bought our first home, we already had first hand experience of how it can create wealth. We had built considerable equity in our home in Terrigal NSW since its purchase. Once we had owned this for a few years we decided to branch out and buy an investment property to create more wealth and provide us some stability and freedom upon retirement.
We did some research and saw that the Perth market was taking off and we decided to look at investing there. I was very comfortable with this as I was born and raised in WA. We had heard a lot about Property Wizards and what they were able to do for investors and we definitely wanted to be a part of that, we spent a lot of time on the phone with them going through our requirements and goals. They were really supportive and discussed our future investment in great detail. This was very comforting, as we were planning on buying this property without seeing it. It was very important that we built up trust and that there was understanding and respect for our requirements. We had all of that and more with Property Wizards and gave them the green light to look for a property that was in a high growth arema which had proposed R code changes in place that would allow us to subdivide in the future and unlock additional wealth.
After receiving a few potential properties we were presented with a great property located in Beckenham, it was in a proposed higher R code zone and once that was finalized by council, we would have the potential to turn our one unit site into a block of 4 units. This property had great potential, it was only 15 minutes drive from the city and had all the right facilities and infrastructure around it.
We decided to go ahead and buy this property and Property Wizards negotiated the price down for us. This was great, as that alone covered the buying fee for using their services and we didn’t have to do anything, nor endure any stress about the purchase. This was a property that we would be able to subdivide into 4 blocks at a later stage and create a lot of money out of. It all seemed too good to be true.
As it turned out our personal situation changed in the year to come and I fell pregnant with our first child. We decided to sell the property to free us up financially and sold the property only 12 months later for an increase of 55%, we were so happy, no bank offers you that return. Who knows what it could have grown to in value in the future? It had truly done what we had dreamed and really put money back into our pockets.
Having made the wise decision to invest in that second property has set my family up so well that since I gave birth I have been able to stay at home and raise my child. My husband and I have not had to stress about managing financially and I have not had to worry about work. It has been so great that I have been able to enjoy motherhood and raise my child myself without the stress or dumping my baby into childcare. Many of my other friends do not have this luxury and I am glad my husband and I made the decision to invest. Property Investment is a smart and sure way of making money, we recently bought another investment property again and will continue to do so in the future. It is great that it gives you choices and options if ever you come to a crunch time in your life.
“I went against what everyone said”
Andrew Martin | Business Development Manager | 23 | London
I started my journey at a really young age. I remember finishing high school and on the following Monday, when all my friends were out partying and celebrating (probably for months to come), I donned a suit and went to a print company to get my first job in sales.
I guess even back then I was doing things quite differently to everyone else.
Once I started this job, I saved and saved and saved until I had a bit of money behind me, which I then invested in a property course. All my friends couldn’t believe what I was doing, they were saying ‘you have no money, why are you bothering doing that course? …You’re stupid’.
Regardless of what they said, I went ahead and did the course anyway and I also read up a lot about property investment and started watching the markets. I had narrowed down the kind of investment I wanted – I would go for maximum capital growth I could get on my small budget and because I was on a good income, I could handle the negative cash flow to generate my capital growth. I selected three buyer’s agents to call.
I phoned two of the agents and they weren’t interested in me. I then called Trevor at Property Wizards expecting to get rejected again, it didn’t happen. I told him that I had $5000 to start investing and had a pre-approval from ANZ Bank. He was sure they could find me something that would fit both my criteria for strong capital growth and remain within my budget, so I signed up with Property Wizards.
For the tight budget, the better growth areas were out, as they were too expensive. So it had to be a creative way of producing growth through “add-value” in a cheaper area.
Within a month the Property Wizards system had found me a fantastic property within the budget with future value to unlock, that most buyers were not aware of.
They provided me with a report that qualified the property, by running it through systems for evaluating the hidden value of the property to show me what its real potential is, not what it is priced at in the market, or what real estate agents say. The property was compared to what is on the market and what has been sold recently in the area that was comparable to mine and a whole lot more. It was obvious from this information that this property was a great buy.
When it came to the crunch of actually buying the property, everyone I knew was advising me against it, with every objection you can imagine. They couldn’t believe that I would buy this property through someone I hadn’t met and buy a property I hadn’t seen. As I was only 23 at the time and furthermore I was about to head overseas to set up a company, it was a crazy time and I had all these people in my ear trying to look out for me. I was nervous and at times questioned my decision but in the end I decided that I would trust my instincts and went ahead with the help of Property Wizards, I purchased the property. No one said that wealth creation was an easy road where everyone agrees with your decision.
My investment property more than doubled in less than 3 years, this investment property turned a surprising unexpected bonus, as it was bought in an area marked for rezoning, which means that when the new zoning is rolled out this property will become a two unit site.. This means that its value will increase a whole lot more as I can have two homes not just one on the block.
Only about 5 to 10% of homes in the area fall under the increased zoning and probably only 5 to 10% of those would likely allow for you to retain the front home and not demolish. Around half a percent of homes for sale in the area had this potential to unlock this amount of hidden wealth.
There was no premium built into the purchase price for the potential subdivision because it was a few years away and very few buyers knew about it at that time. Therefore it only had the price tag of a single home and was bought at about $15K less than market value.
This means I effectively bought two properties for the price of one. It wasn’t the $15K-under bargain-price that would give me the capital growth, it’s the choice of property.
There’s maybe only about a year to go now before the new zoning becomes effective, and I’ll be able to subdivide, more than likely retaining the existing home. I’ll also have choices – for example, I can build on the back or just sell the land and put the money into the mortgage or into another property.
I have been in London for about three years and my property is going really well. By using Property Wizards’ expertise I got myself off to an amazing start in investing in my financial future that I never could have done otherwise. I’ve also done it without compromising my lifestyle or career. I still travel and go out and have fun just like anybody else my age.
It was a fantastic decision to use Property Wizards and their systems to ensure I bought the right property to gain maximum growth. Property is their lives not simply a job and that is what made the difference to my experience. I will definitely go with them again when I come back from overseas, I look forward to creating enough wealth through property so that will enable me to, in time to give up working for someone else and follow my passion of working in my own Property Development company.
“A bit of sacrifice gets you a long way”
Paul Wright | Manager & Rachel Wright | Business Owner | Late 20s | Kelmscott, WA
Our story begins about eight years ago, when we decided that we wanted to set ourselves up for the future.
We worked out the best way to do this and decided that investing in property was the way to go. Rachel and I started by buying our first block of land 8 years ago. We managed to pay that one off in less than 2 years, but not without a lot of sacrifice.
In order to pay off the block of land so quickly we lived on only my wage, which as an apprentice at the time was only 20K a year and put all of Rachel’s wages into the mortgage. We also gave up having a home of our own and became house sitters for other people, meaning that we lived a nomadic lifestyle moving from home to home as required and saving on paying rent.
This was a huge sacrifice as we couldn’t afford the luxury of setting up our own home with our own things how we like it and have the restful sanctuary that is so important these days.
Paying off the loan so quickly released some capital to enable us to now build on the block of land. Once we had built our home, once again we had spare capital to purchase our first investment property. After reading a lot about property investing and how it can make us money, I hopped on the internet and the first site I saw was for Property Wizards, this was about 2 years ago now.
Rachel and I called them for a meeting. We discussed our position and what were hoping to achieve; we had a tight budget to invest. They said that we would be best looking for a property that was going to give us maximum capital growth and with our budget we should look in a suburb where there is planned rezoning.
We signed up, confident that they would find us the right property and sat back and waited. It wasn’t very long before Property Wizards found us something. They found a property which was a corner block in an area where the council was increasing the zoning, meaning that potentially this block of land would become a 2 unit site.
We have had tenants in there the whole time and the rent has gradually gone up with the market increases, recently we had the property revalued and it has gone up $150k in just 2 years. That is without even doing a subdivision and selling off the additional block! That is just from engaging the experts who bought us a brilliant piece of property in the right area, at the right time, for the best price and sitting on it.
We now own three properties, one which is our family home, the second is 100 % negative geared and costs us nothing at all, if anything we actually made a profit, in last financial year. The third property we bought will cost us nothing at all for the next two years and once that time is up, we will get it revalued and it should continue to pay for itself.
We have and will continue to use Buyers’ Agents and look forward to working with Property Wizards in the future. The expertise, knowledge and savvy they have, gave us and can give you peace of mind that they are going to get the best possible purchase for you and your money
Eight years later we really are in a great position, I have been promoted to a manager level at work, my wife is able to be a stay-at-home-mum with the option to work if she chooses. We don’t have to stress about money and our kids get the benefit of always having their parents around.
Our portfolio is looking very healthy, having accrued a balance of over 1.5 million dollars in just 8 years and still being very young, Rachel and I feel secure and set up for the future. It is nice to know that we are able to live the life we want, provide for our children comfortably and retire at a much younger age than the norm.
Our sacrifice now seems small compared to the rewards we have received and will continue to do so in the years to come.
“No money ain’t funny”
Michael Young | 43 | Survey Pilot | Perth, WA
With the drought biting harder and harder into rural Australia, I found my income was withering as fast as the crops below me. My skills as an aerial agricultural pilot were becoming increasingly less required as the service requirement for irrigation and dry land cropping diminished across Australia.
In a classic case of one door closing and another one opening, my skills in the field of low level aviation would be recognized and in demand in the booming field of Airborne Geological Surveys. Fortunately I was able to secure a position with a Perth based operation of a leading global company in Airborne Survey and I subsequently relocated to West Australia. Typical of the mining industry I too work a roster which is 6 weeks on and 2 weeks off, so over a year I am only home for about 2 or 3 months in total.
I had decided some time back to invest in property as a means to securing future financial security whilst also minimizing my present tax burden. Trying to buy property whilst not being in the state, or even the country proved to be difficult. I did what I could when I could but time kept passing and I wasn’t getting anywhere with my plan and frankly, I find buying property somewhat daunting.
I enlisted the services of Property Wizards, a leading team of professionals in the field of buyers’ advocate. It did not take too much maths to realise that the cost of their service would be offset by the positive influence they would have on deciding which property would make the best investment for me.
While I was away in the field, they did all the work for me and in time I was able to remotely secure a property. The property is in a potential rezoning area, meaning that when the council finalises the zoning changes, my site will be in a position to be subdivided and I can capitalize on natural capital growth. In addition I can unlock additional equity by creating two blocks and either selling or developing one or both of them.
Since I bought the property the train line has been completed which will add further value to the property. My original brief to Property Wizards was for a different investment scenario and I am grateful for the wise insight they were able to bring to the table. I have no doubt their influence will see me better off both in the short and long term.
I bought the property when the market was quite high. However I don’t see this as a detrimental factor, property as an investment tool is a long term venture and in time it will always grow in value. I wasn’t looking to cash it out in the foreseeable future, it is long term financial security that I am chasing.
I don’t think you should be too fanatical about investing at the ‘right time’ although certainly better to where you can, I think that it is just important that you invest as early as possible and this can mean that sooner, rather than later, is the good time to invest.
Of course working with professionals who buy property by processing it through their systems will ensure that you don’t purchase an under-performing investment and that you achieve a head-start on the rest of the property market with a sound choice of property.
I am looking forward to buying my next property very soon and will once again use Property Wizards to do so.
I am not passionate about property as such, but I am wise to what it can do for me and how it can create long term financial stability in my life. My property journey has been a bit awkward, my first property lost to fire and I am yet to move out of the rental market. Whilst there are varying approaches to property investment, the key fundamental is that you are in it. The present economic outlook might be filled with uncertainty and although house prices are out of kilter with household wages I cannot help but feel that very soon we will once again see some good investments appearing on the market. There will always be some anguish about entering the property market, but the rewards appear to certainly be worth the sacrifice and effort.
“It’s just a matter of time”
Peter & Roslyn Kay
Peter and I had been trying to get into the property market for a few years, but were struggling because we are so time poor. Peter works up north with a 2 weeks on 1 week off roster and I also work full time as the Head mistress at a high school. We used to spend all our free time when Peter was home and when I wasn’t working to look for the ‘right property’ that would give us what we required. Being in our 50’s we wanted the right property which would set us up for our retirement and complete our asset portfolio. We would spend hours researching, running to home opens and browsing for properties which left us exhausted. Peter works really long hours when he is away and needs the week off to recuperate, but instead he was having to use all his time on break to look for the property we wanted and went back to work still tired.
One day we were with our mortgage broker once again confirming that we were able to buy but not having the time to look, he recommended Property Wizards to us. He said that they were buyer’ s agents who specialized in buying property for people like us who wanted maximum capital growth but didn’t have the time to research, also that they were experts in the market and knew everything there was to know even before it was known to the public. He called Property Wizards and literally within minutes he was in the meeting room with us discussing how he can give us what we need without us having to neither invest any further time nor waste any more money looking for the right property.
We signed with him and within a week he had already found a property for us. It was in the south which we had never imagined looking at as we knew nothing about the area, he came to us with a thorough report, with all the information that you could want and more. He had been to the property, researched its price, compared it to other properties on the market…I mean everything you could want was sitting there in a report, all we had to do was say yes or no.
We flicked through the report saw that it was a brilliant buy and submitted an offer. This property was truly all our dreams come true, located in Beaconsfield, an area we had never even considered before. It was minutes from the beach on a large block of land going for $30,000 less than market value, it also had a hidden golden nugget which was that it was in a rezoning area which meant that it had the potential to go from a 1 unit site to a 2 unit site, but wait there’s more! There was another bonus within that bonus and that was that it had the potential once the zoning changes came through to build a 2 storey unit on the back block which would provide uninterrupted views straight to the beach. All for under market value! We couldn’t ask for more and all this happened within one week of meeting Property Wizards.
Still to this day we have the same fantastic tenants in the property, who have been there from the beginning, who look after the place, cause us no problems and we have been able to increase the rent in line with market trends.
Now Peter can relax on his breaks from work rather than having to worry about looking for property, because the experts have done the job for us. My only regret is having not found out about The Property Wizards sooner, imagine how much time and energy we could have saved not to mention the fact that we could have bought more property.
We are now in a position where our son has been able to buy a home of his own, Peter and I can have an earlier retirement and enjoy life more. We were able to give our daughter a lovely wedding in Scotland which didn’t come cheap and will also be able to help out our youngest son get into the property market. The future generations will not have a pension so it gives us great peace of mind to know that their future will be financial secure because we were fortunate to have made a good investment in the property market with the expertise of Property Wizards.
We’d love the opportunity to help build your wealth through property. To start the ball rolling, please take a moment to tell us what you’re looking for by filling out the no obligation enquiry form below or call us on (08) 9381-7450. We’ll then have one of our key staff contact you shortly.
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