Jason

Our client Jason is a 29-year-old electrician who knows how building a property portfolio can change his life over the long term.

Jason bought his first property at the end of 2020 in NSW for $271k, and the rent was $310pw. Three years on, a formal bank valuation places it at $470k. He has taken the increased equity out and used this to purchase further properties.

One of those was an off-market purchase in WA for $330k. After a $5k cosmetic renovation, 15 months later it is formally valued at $540k.

His third property was purchased in QLD for $315k, which was $20k under market value. He spent $15k on a cosmetic renovation and then rented it out for an impressive $440pw. 15 months later, the formal bank valuation was a huge $508k.

Jason’s fourth property was added to his portfolio in November 2023, bought for $417k. By March 2024, it was formally valued at $450k.

Spent $1.333 million on four properties. Within 4 years worth $1.968 million. $635k increased equity!

All four properties are in locations that have very strong underlying local economies with very tight vacancy rates.