Paul Smith has only been in the property investment game for five years, but he’s already making great strides. Congratulations to Paul – our 2017 New Investor of the year!
Paul credits getting help from professionals as being instrumental in helping him to avoid risk and to make smart choices.
A plumber by trade, and the owner of a small to medium-size plumbing company, Paul says he came into the property game looking to play it safe.
“I believe that property investment, when done correctly, is the safest way to grow your wealth,” he says.
“We wanted to build a diverse portfolio that would perform during all financial seasons and set us up for early retirement.”
With $80,000 at his disposal, Smith started his journey by choosing to gather information from professionals in the field, attending property investment seminars as well as working with brokers and planners to determine the right strategy.
His first investment property was actually his first personal home in Currens Hill, NSW. After moving to Harrington Grove in Harrington Park, NSW with his wife Sandie, the couple realised that there was value in keeping the Currens Hill house as a rental property. That kicked started a journey that has seen them build a portfolio of five properties today, worth more than $2.5m – putting Paul and Sandie well on their way towards a wealth retirement.
Read Paul’s full story in the February issue of Your Investment Property magazine, out now
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.
We value your privacy and treat all your information seriously - you can check out