“An early start to set myself up for the future”

Property Wizards helped a young investor get an early start on a strong financial future.

“It’s been great to get such an early start on setting myself up for the future. By the time I have a family I will be comfortable enough to enjoy the journey without financial stress. This is not something a lot of people my age can say. My goal is to have the ability and freedom to do whatever I want whenever I want. Based on what I have already achieved, I am confident in using property as a wealth creation vehicle and will be looking to continue investing in property.”

 

I’ve been interested in wealth creation since I was very young. My parents are quite experienced in investing and have a mixed portfolio of shares and property. They 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 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, I had a strong interest in wealth creation.

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. 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 it appreciated in value rapidly and gave my passion for investing an extra boost.

A year later, I decided to use the equity that I created in my home. Perth was doing really well at this point, so I decided to get into that market. The only thing I was disadvantaged by was that I live 7 hours away! A 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 to hold onto and wait for the area to appreciate in value. Within 14 days of signing up with Property Wizards I had that property – a 4-bedroom house on a good sized block in a fast-growth suburb. It was a brilliant location and had all the right growth factors 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, a university, sporting venues, a large shopping centre which was being refurbished, ovals, pools, a new train line and only a few minutes drive from the beach.

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 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’s been great to get such an early start on setting myself up for the future. By the time I have a family I will be comfortable enough to enjoy the journey without financial stress. This is not something a lot of people my age can say. My goal is to have the ability and freedom to do whatever I want whenever I want. Based on what I have already achieved, I am confident in using property as a wealth creation vehicle and will be looking to continue investing in property.”

Andrew, Kalgoorlie, WA

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