Never forget your first

By Jacqueline So | 09 Mar 2020

Kate Forbes started out working with stocks, not realising how much she could gain from property until the rising value of her first home showed her how it could be a growing investment.

AT A GLANCE

  • Best investment: First property in Greenside, Johannesburg
  • Profit from first property: Purchased for $24,500 in 1997 (based on current exchange rates); sold for $281,000 in 2005
  • Biggest regret: Waiting too long to start investing because of her fear of debt

“I was working as a stockbroker and funnelling my personal investments entirely into shares until I saw the growth that I was getting on my home. This kick-started a love affair with property for me,” she explains.

Kate quickly jumped into the industry and today has made a name for herself as the national director of Metropole Property Strategists. She has since built much wealth from her portfolio, which she believes will take her into a comfortable retirement.

“It gives me great peace of mind to know that I have provided for myself and my children’s future, and that we’ll always be able to live the lifestyle we want,” she says.

Kate’s first property continues to hold a special place in her heart as the one that started it all.

“You always remember your first time! Looking back now, we were so green, but we had luck on our side. We added value using a lot of our own sweat – and even some blood and tears.”

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Top Suburbs : ferntree gully , mortdale , woolloongabba , hebersham , marrickville

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