Before making his name in Australia’s property industry, Multifocus Properties & Finance CEO Philippe Brach travelled the world as an expat working for an international hotel group.
“My wife and I decided to settle down in Australia in the late 1990s. It was an important decision because knowing where we were going to live for the rest of our lives enabled us to start planning our future,” he says.
It was around this time that Philippe discovered Australia’s unusual tax system for property investment – and then set out to maximise its benefits.
AT A GLANCE
- Best-value deal: “Unregistered land in Geelong that generated almost $100,000 in equity”
- Best negotiation: “Lowering a property’s purchase price by $25,000 after discovering termite holes in the front-door frame”
- Biggest property regret: “Buying a unit in a retirement village. Cash fl ow was great, but there was no capital growth because of ever-increasing body corporate fees”
“Once I understood the numbers, I fell in love with the concept. We immediately started building a portfolio of properties.”
To this day, Philippe and his wife continue to add to their investments to further secure their future.
“The equity accumulating in the portfolio has given us peace of mind that we will lead a comfortable retirement whatever happens to our superannuation,” he explains.
“We have already started to take longer holidays, and we are looking forward to seamlessly easing into retirement when the time comes – but not quite yet!
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