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How this Sydney couple bought 3 properties in EIGHT MONTHS

Tony Yoo
Mandy and Chris. (Image: supplied)
Mandy and Chris. (Image: supplied)

A western Sydney couple has managed to purchase three investment properties in just eight months.

Mandy, aged 32, and 33-year-old Chris moved from their Castle Hill duplex to a Lane Cove home they purchased earlier this decade.

But when they decided to actively invest in real estate, the Sydney market was out of reach.

This is when buyers' agent Daniel Walsh stepped in, helping them look outside their familiar Harbour City. The couple soon bought two properties in greater Brisbane and one in Geelong.

The total amount they shelled out for all three investments was, according to Walsh, the same as one average home in Sydney.

"There are so many locations outside of our two biggest capital cities where investors can buy great houses for under $500,000," he said.

"Restricting yourself to investing in only one location because of familiarity is likely to result in a lack of diversification as well as being too reliant on a market cycle that might be trending down."

Brisbane and Geelong are yielding between 4.5 and 5.8 per cent, compared to just 2 to 3 per cent in Sydney, relieving cash flow pressures on landlords.

The couple, who did not want their surnames published, now has a portfolio of seven investment properties worth $4.1 million, with about $1.1 million in equity.

"The affordability of Greater Brisbane and Geelong, coupled with the potential for strengthening prices in each location, meant it was really a no-brainer for us," said Chris.

Walsh, who owns the Your Property Your Wealth agency, said that the couple planned to purchase their eighth investment property in the next six months – likely a house priced between $400,000 and $450,000.

"They have a plan to own a nine-strong property investment portfolio so they can retire early and spend more time with their young family.

"It would have been unlikely that would have achieved it if they hadn’t considered markets other than the one that they call home."

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