Property Hub - Investment Insights & Inspiration - Get Invested: Part 2 - Angus O’Loughlin on investing in quality vs quantity

Episode Date: March 28, 2025

As an investor, are you embracing short term pain for long term gain? Angus O'Loughlin joins the podcast to talk about this and much more. This is delayed gratification - the ability to put aside the temptation of that immediate (but smaller) satisfaction for a bigger reward in the long run. A big part of building a strategy for long term benefit is focusing on quality over quantity. This has been Angus' approach to property investing and life. As you found out last week, Angus worked in the entertainment industry for over 15 years, and at the height of his fame made the decision to step away from the constant 24/7 demands of radio and being in the public eye, to get some time and space back to focus on the quality rather than quantity of life with the establishment of his own awesome studio ‘Sessions in Progress,’ where he now records and distributes podcasts for others while also co-hosting two great podcasts of his own. This week we deep dive into into the practicals of how he has made all this happen and gain insight into his personal property investment journey so far. Connect with Angus https://sessioninprogress.com.au/ Find your Freedom Formula Success in property starts with your 'why', and then the 'what' and 'how'. Let me, Bushy Martin, lead you through it! Sign up for my Freedom Formula program. The first session is absolutely free, and it only takes around an hour! Find out more https://bushymartin.com.au/freedom-formula-course Subscribe to Property Hub for free now on your favourite podcast player. Take the next step - connect, engage and get more insights with the Property Hub community at linktr.ee/propertyhubau Book a personal solutions session with Bushy to go deeper on your specific property needs or challenges Continue the discussion with likeminded investors and experts on The Property Hub Collective Facebook group Get a copy of Bushy's book, Get Invested, for FREE, and find out what it takes for you to invest in living more, working less Get all Property Hub info here linktr.ee/propertyhubau About Get Invested, a Property Hub show Get Invested is the leading weekly podcast for Australians who want to learn how to unlock their full ‘self, health and wealth’ potential. Hosted by Bushy Martin, an award winning property investor, founder, author and media commentator who is recognised as one of Australia’s most trusted experts in property, investment and lifestyle, Get Invested reveals the secrets of the high performers who invest for success in every aspect of their lives and the world around them. Subscribe now on Apple Podcasts, Spotify and YouTube to get every Get Invested episode each week for free. For business enquiries, email [e-mail] omnystudio.com/listener for privacy information.

The good has been Christie's Beach. You know, I think I'm about $710,000 or $720,000 into each of those homes. They're huge homes on 550 squares, four bedroom, four garage. Nice. Beautiful homes. Peter would definitely say that I didn't do what Peter wanted. He's like put six properties on there and I've built two beautiful homes in this kind of Hampton style.

But yeah, I had someone knock on the door and offer $1.5 for that um about four years after welcome to get invested on the property hub podcast channel the leading weekly show for australians who want to learn how to unlock their full self health and wealth potential i'm your host bushy martin and each week i go deep with the best investors experts leaders and founders to find out what it takes to break free from the grind discover freedom and to live by design subscribe now and join me and get invested in the life that you really want. Let's get started. Hi Freedom Fighters. When did you first start thinking about investing in your future and then how long before you actually acted on it? Chances are that this

may have started in your 20s or 30s but many don't act on it until they're in their late 30s, 40s and even 50s when they often have their oh shit super mind. Oh shit my super isn't going to be enough to maintain my lifestyle when I try to stop work. Why is this? When the law of compounding returns, which Albert Einstein called the eighth wonder of the world, is the most powerful force multiplier in the universe. We all know it, but few of us seem to embrace it. So let me reinforce it for a minute. Now you've probably all heard the old famous grain of rice on the chessboard story, but it's worth refreshing because once upon a time, there lived a king who loved chess. He beat every known player that he came across.

So to motivate his opponents, the king was happy to give any reward that they asked for, provided that they were successful in beating him. Now one day, a travelling sage challenged him to a game of chess, and the king eagerly obliged, as he would, and asked the sage to name his price if he won. Now the sage replied by asking for just one grain of rice on the first square of the chessboard. And the king looked puzzled and he said, that's it? That's all you want? The page then said, plus two grains on the next hole, then four on the next, and so on, so that each square has double the amount of the previous one for every one of the squares on the board.

Now the king scoffed out loud as the sage could have asked for any reward that he wanted. Nonetheless, he immediately agreed, and then thought to himself, what a puzzling little prize. So to the king's surprise though, the sage was a brilliant player and easily defeated the king. Having lost a match and being a man of his word, the king called his treasurer to reward the winner. His officials started putting the rice on another chessboard. They put one rice on the first square, two on the second, four grains on the third, then eight, sixteen, thirty-two, sixty-four and so on. And all of a sudden, the mounds of rice started to look bigger than what the king was expecting. It was increasing exponentially with every square.

and by the end of the fourth row, the king needed 2.1 billion grains of rice. He now started becoming anxious and he asked his officials to estimate the total rice needed to reward the sage. The answer made him realise that the number of grains required was far beyond the capacity of the chessboard, his palace and indeed his entire granary. Do you know how much rice it ended up costing? Well, the figure came to a whopping 18 quintillion, 446 quadrillion, 744 trillion, 73 billion, 709 million and 600,000 grains of rice. That's 18 with 18 zeros on the end of it. And it's 2,300 times more than the entire rice production of India, one of the world's greatest producers.

Now, I'm not suggesting for a minute that investing in property is going to produce this magnitude of return so quickly, but when you combine this with the ability to leverage other people's money, allow the banks to the tune of 90% to secure a growth asset worth up to 10 times your cash deposit, and then you hold it for 15 to 20 years or more, then suddenly you have a very powerful money-making wealth by stealth creation machine right at your fingertips. It's why a property that my wife and I bought for 84-odd grand back in 1998 is now valued at around $1.5 million.

So what's holding you back? When are you going to get invested? Because this is the power of compounding and the power of exponential growth over time, with a key word here being time, because the amount of time you invest in something has a massive impact on your end outcomes. For most of us, just like the King and the Ross, the magic of compounding doesn't occur

to us and we miss out. We delay doing it because we kid ourselves that we're too busy, or by the time we finally realise it, we just don't have enough time left to allow the real magic to happen. It's the major reason we overestimate what we can achieve in the short term, but underestimate what can be achieved in 10 years or more, as most of us continue to ignore the massive benefits of delayed gratification, because we increasingly want everything yesterday in our always-on instant iPhone world. And the same approach also applies to whatever you do and don't invest in over time, because the magic of compounding actually cuts both ways.

Yes, Einstein said that compounding interest is the eighth wonder of the world, but what many people forget is what he went on to say, and that is that he who understands it earns it, he who doesn't pays for it. This means that you can incur some small sacrifices now and invest long term to end up very comfortable later, or remain comfortable now but end up very uncomfortable later when you try and stop work. The choice is always yours, so you need to choose between what's urgent and what's important. So that's over to you. And don't ignore the impact of waiting and delaying your investment. As I illustrate in our Freedom Formula program, if you delay investing in $1.2 million of property by 10 years and a 7% growth rate, this is going to end up costing you

about $2.4 million in lost wealth over 20 years, which equates to costing you around about $4,600 each and every week that you delay. So when are you going to start or continue investing? The other big question that arises with this is why don't we teach the investment power of TLC or the exponential impact of time leverage and compounding in schools and to our kids. In my view it should be the number one principle that we should all instill in our children as the power of TLC is transformational and life-changing. Now a cynic might say that the powers that be don't want to embrace the TLC as they don't actually want a financially free and independent population as it would disrupt the economy and get in the way of an income-dependent

hand-to-mouth workforce. But let's have a look at what TLC could do to our kids and the next generation. If we just invested the federal government's current newborn upfront payment and supplement of a tad over two grand from the day they were born, and then add just five dollars a week at average growth rates, your child would have accumulated over 22 grand by the time they reached adulthood, that would then create a nest egg of about 185 grand by the time they reach 40, and grow to a massive $1.24 million by the time that they reach retirement age. Now that seems like a pretty simple, easy and achievable thing to do that would alleviate a lot of Australia's financial struggles and concerns.

So why aren't we doing it? What's stopping us? When are we going to start? In a federal election year like we're in, this is food for thought for any aspiring politician who's actually serious about making a real difference and creating a lasting legacy to the country. but sadly very few of them demonstrate any long-term strategic thinking beyond their next re-election. But let's return to you. What are you investing in now that's going to secure your future? Because you definitely don't want to be one of the 73% of current retirees who are just managing to survive on an average of just over $295 a week because they mistakenly believe that paying off their home loan and relying on their super was going to be enough

to fund their retirement. You need to actively invest outside of super if you're going to enjoy anything like a comfortable lifestyle when you want to reduce or to stop work. And property is a great way to do it. And I still think it's the best way to do it here in Australia. Because it's not the quantity, but the quality of your investment, how it's structured, and its long term rate of growth that would determine the comfort level of your future lifestyle. For example as little as a three percent difference in growth rate on a four hundred thousand dollar property can equate to a eight hundred thousand dollar or more difference in the size of your nest egg over 20 years with this three percent difference creating a 75 increase in your results

over that time so small differences can have massive impacts if you pay attention to the quality and the devil in the detail and if any of this has sparked your interest and you want to explore more in relation to the specifics of your situation feel free to book in with me for an hour for a personal solution session by clicking the link in the show notes in the meantime another great example of everything we've been talking about and someone who's a living breathing example of someone who's had the courage to swim against the tide of common opinion and forge his own future is today's returning guest Angus O'Loughlin after rubbing shoulders with the rich and very famous working in the entertainment industry for over 15 years

across TV, radio and podcasts. As you're about to hear, he has now turned his focus from quantity to quality in all aspects of his life where he can now leverage the voices of others by recording, creating and distributing high-quality digital assets through his awesome Sessions in Progress studio in Melbourne

that I've been personally privileged to enjoy while he also keeps his co-host podcast hand in giving himself a licence to drink wine on his Get Some podcast and expanding awareness and acceptability of disability on his Listen Label podcast with all-star Dylan Elco. As you'll remember from last week's episode, Angus unpacked the learnings and the goss from his 15-year journey

with Fame, Fortune and Beyond, and this week, we're looking forward to deep diving into the ins and outs of his personal property investment journey so far. So welcome back and let's get invested again, Angus. G'day, Bushy. New studio, I came into the real studio. I even put, this is very YouTube-based, but I put green, which is your branding behind me in the colors, just for you, Bushy.

Oh, that's very sexy indeed, mate. Putting me to shame, mate. Mine looks like a very poor vanilla version, mate. So setting the standard again as well. That's fine, dude. You just need some LED lights. Now, mate, before we get into the property piece, I guess I just want to touch on again, you know,

After enjoying that sort of high-profile radio career of yours, can you remind us again about why you established your podcast business, Sessions in Progress, and how you, as well as we and others, can benefit from it? Yeah, well, thank you. What a great platform. Yeah, Sessions in Progress is a studio hire. So the studio that I'm in right now, not the one I was in last week,

but the one I'm in right now is up for hire. We rent it out per hour. You get somebody to host your session. You get three cameras looking at you in all different directions. Hopefully high quality audio. Hopefully you're getting this microphone, right? You hearing that? That's right, mate.

Yes. Great. That's good. Yes. So the best microphones. And on top of that, yeah, we do do podcast creation. We are lucky enough to work with a lot of property podcasts, as I'm sure we'll get into. Having built and invested in property myself has been a pretty good leverage point for getting some pretty high ticket and prolific people in the studios.

to record their podcasts, including One Bushy Martin. So, yeah, it has been a really great part of the business is my investments in property and my knowledge. As soon as I've had, you know, some great guests in here, we've started to get into sort of gentrification conversations. You know, people kind of recognize you're a bit more switched on than the regular podcast producer. So we don't just do podcasts about property, of course,

but as you said, wine and disability, sex and romance, relationships, pop culture, sport. You don't know who you're going to get through the studio each day. But, yeah, very lucky to have Session of Progress in Collingwood, but we do make podcasts for people all across the country. Love it. Absolutely love it. Well, I want to sort of dive straight into the money investment area now,

given that's really where we want to focus today. And I guess just to start off with that, Angus, what does money mean to you? You're going to love this. Freedom. It does. Look, I stress about money a lot. It's one of the things that does genuinely still pick me up at night about

because, you know, I am the classic small business owner and I am investing back into the business to make our outputs better. You know, people who have been in our studio over the past two years, we had this wonderful group, Tribeca Financial, who are a client of ours, and they've been with us for about 18 months. And every time they walk in here for a session, they're like, what's new? Because I am trying to make us the best outputs and best outcomes for the people who walk through the studio. That being said, sometimes there's a bit of frozen chicken nuggets

in the air fryer at home. So what does money mean to me? It means that I'm investing in this business as I've invested in myself and I'm invested in property, diversified across those three so that, you know, when I am ready to retire, that passive income for myself and my family will be something that we can live off. Yeah, I love it. So given that you do talk to a number of people in the space hosting their podcasts, et cetera, can you share with us one money or investment idea that you've heard that you think the majority of people get wrong? Well, I mean, the classic one is, you know, we have Ben Kingsley in here and he tells a pretty good story about, uh, you know, investing from, I think you bought the house across

from his mom and dad. Yeah. Um, that's a pretty good one. Um, look, I wouldn't have done bad. My mom lives in Janjuk. Uh, when I was growing up, it was, no one wanted to come and visit. And it's had a pretty good, uh, capital gain run over the past five, six years. Uh, so I wouldn't have done too bad if I lived across the road from mom.

But, um, I do certainly hear about sort of uneducated and I'm about, I'll get to mine. um first investment choices um more based in random motion um you know when you're 20 years old or you know these days you probably have to be 30 years old buying your first property you really do buy thinking you're going to be in it for the rest of your life you might even over capitalize on the property um so yeah i think there's definitely some learnings there you know even though i probably didn't think i was going to live on the sunshine coast my first property forever the lifestyle has dictated that i wasn't having a bad time so So, you know, I did overspend, but thankfully, thanks to time,

the greatest investment of all, yeah, it's come out all right. Okay. We'll circle back to the nitty-gritties on that in a second, but I sort of want to jump into the future for a second because, you know, living by design is something that's near and dear to me as an ex-architect and someone who's always thinking about what's going to happen down the track. So in an ideal world, if money wasn't an issue, what would you be doing with your time and how would you be living that i wouldn't look i i'd

love to tell i'd love to lie to you and say i'd love to be with my family full time it's not the truth i don't know how my partner does it i'm not not kidding hey i to having the two kids by myself for three hours i need i need to detox i need some rest my feet are sore i need to be up So my partner's the real hero in any of the stories. I get a pretty good doing, you know, eight hours, nine hours plus here at work. Yeah, that's, that would be the lie. It would certainly be around my family. It would probably be trying to experience opportunities before they're in school.

They're at a really nice age, one and four, even though Billy, my son, wouldn't remember it. that idea of sort of grabbing an RV van and going around Australia and just being able to sit would be pretty nice. But I'm not yet in the fortunate position to be able to do that. I might have to do that in my boomer years. Yeah, I love it. Where and how do you see yourself and your partner living once the kids have flown the coop? What's the lifestyle look like? Have you put any thought around that? Yeah, we certainly have aspirations, real estate aspirations, home aspirations. We certainly want to live in the suburb that we want to choose,

which is where we are now. We're currently renting. We certainly want to live a life that isn't dictated by how much is in the bank account. And what does it look like? It looks like a four-bedroom home with a backyard, and it looks like the sound of kids running up and down the corridors. you know if we're lucky enough to have another kid or two then let that you know time expand a

little bit and we can hold on to those memories but you know i'm certainly able to watch my mom be a grandma and experience that again um i'd love to have the space um that you know i know what it's like to go into a house that's really small and feel really cramped and want to leave but you know it's hard to be a kid and not have a cool trampoline or a pool at grandma and grandpa's or mom and dad's house for your friends to come and visit. I'd love to be the cool house on the street that all the kids want to come to my kid's house. Yeah, I love it.

So asking the obvious question then, what's your investment strategy to achieve and then maintain that and why? Yeah, I've got a few investment properties. I've got a little bit in shares and I've got a bit in super. So my mom, which we'll get to, is not the greatest investor herself, But she actually instilled some really important things in me. When I got my first job, which we spoke about last week on the show, which was, you know, I finally started to make some money.

So I was into the six figures at about 23 years old. And I was very, I had a wise head on my shoulders. I'd already had my first property by then, so I had responsibility in a mortgage, even though it was leased out. Yeah. But I understood the importance of money and what it could benefit me. And so I started to salary sacrifice early. I know you spoke about super in your opener, but I definitely understood the importance of getting to it early. So I've got a pretty good super. And luckily I did that in the early days. So that compounding story continues as, you know, as a small business

owner, I'm not allowed to, well not allowed to, I do, I'm not allowed to, I'm not allowed to, I don't put in as much as I should. I do pay myself a super, but it's just I don't have the wage that I once did. So, yeah, it looks like a mixture of things. I would ideally probably if I wanted to guess at the moment how it will go, the houses will stay at the same value, you know, I'll have the same amount of debt. I'm hoping that my super grows into a couple of million

and I'll knock out whatever's debts remaining and I'll have a passive income across my investment properties. Yeah, okay. Yeah, no, I love that. That makes complete sense. Well, let's sort of dive in in detail into your property journey so far. And before we start talking about the properties themselves, can you sort of open up to us on why you decide to invest in property

and what triggered the interest? Probably your mum from what you've said already, but... Bingo. It is just mum. um you know at the end of last episode i said she gave some really great advice give you the warm hands not cold and my mom did she said to my sister and me we're two kids um and my mom was i remember going to center link and my mom just being above the threshold of being able to get support so we did it i never went without as a kid but i watched my mom go without i remember

eating chicken while my mom ate baked beans on toast so there was some sort of you know but i also had a Nintendo 64 one year for Christmas, but I knew that my mum saved and sacrificed to get there. So I'm not crying about, I had a wonderful, wonderful childhood, but my mum sacrificed for us to be able to have those opportunities, which I didn't realise until later in life. Um, you know, I, who, who didn't heart about going to a nice, um, school, uh, high school. And really I didn't even ask my mum, I would have no idea what those fees were for that school to be there. But I know that my mum sacrificed for us to get there. When we left the coop um my sister was three years ahead of me uh when we were 21 my mum said i'll borrow

fifty thousand dollars against the equity of our house she paid off the mortgage she bought it for about 160 000 um and so she paid off that mortgage and she took a fifty thousand dollar loan out to lend to us as long as it went into property investment so which is really interesting because My mum wasn't a huge property investor, but she knew the value or what property could transform into. And I took that straight away. And I reckon within 12 months, I bought a property on the Sunshine Coast with that $50,000 being the deposit and my foot in the door.

Because I couldn't do it to spend on a Euro trip. It was only going towards the deposit of the house. I've got to say, full respect and loving your mum already and having a matty yet, mate. So having the foresight, but also, you know, we'll talk about this a little bit later on if we've got time today, but delayed gratification is something that's died on the vine, really, given everything that we're drowned in. Where did that level of self-sacrifice and her ability to see the future opportunity by allowing and enabling you to do that come from, do you think? My grandpa, her father, was a lawyer and a very good businessman. And he always, I think around the house, he was always telling his kids, mums one of four, about investing in blue chip stocks.

And my mum saw my grandpa passed away when I was about, in 2009, so I would have been early teens, 12 or something like that. You should know that math. And my grandma never worked a day in her life. she lived off the shares of his property comfortably was generous and gifts at Christmas she was you know she had done well and she passed on a sizable fortune to my mum and and her brothers and sisters because of the investments my grandpa made back in the god's 60s you know he was all about investing he was in the mines he was in the banks blue chip stocks and obviously

you know watching her mum live a comfortable life never will went without based off you know that compound of reinvested dividends yeah so so the obvious question is why didn't you end up in shares versus property yeah in a much bigger way okay cool um i'm actually not sure maybe my mum and i haven't had that conversation with her but maybe my mum just saw the security in the roof above the head you know my mum is a tactile person maybe it is touch and feel um she's also somebody who's super proud of her home and she has a beautiful home and um you know i think it is part of that process of you know knowing that we'll always need a roof above our heads rather than we won't always need you know warren buffett's biggest investment coke

i'm sure some people can't live without a coke zero and i get it but you know what i mean i totally know what you mean no that's really interesting i'm you've given that sort of background then did you have any initial fears or feelings of concern about buying property before you jumped in well 21 bulletproof no no no thought process went into it um i don't even know why i bought the house the townhouse that i did um and it turns it's been it's been fine it's been great um but i can't even tell you the thought process behind it i just went cool someone's got fifty thousand dollars for me uh and I knew I wanted to be paying off something I owned rather than paying you know kosher you know I was living with my mates on the Sunshine Coast in Budrum

before investing in that property um and I was actually the person one of my mates parents owned the house we lived in so I knew that we were paying you know um Phil and Philippa um sorry Ian and Philippa so I knew the money was going somewhere and I once I put a face to the person who was picking up my rent, maybe that changed my mindset a little bit, but I'd have to be, I'm going back, you know, 19 years, more, yeah, years. Yeah, yeah, no, that's awesome. Well, take us, thread the needle a bit and put some flesh around it in terms of, you know, what you've done and why in property,

what challenges have you overcome, what's worked and what hasn't, and what have been the learnings so far? There's not many. across a broad spectrum of complaints and successes. I don't know where to start, to be perfectly honest with you. I got an email. I was telling you off air, I got an email today. There's a major electrical slash water damage in one of my properties in Adelaide.

And the bottom of, you know, what a great message to read down the bottom of the email from my rental agent is fantastic, is before we do expensive investigations, we'd love to know your thoughts going forward out and i hope that's going to be covered by insurance but you know and like i said i'm you know we do live month to month you know i've got to put in a little bit more now for the mortgages there was a point where i was making money like that i all of my incomings for rental and outgoings are in one bank account and there was a point where that was putting itself probably 10 to 15 000 a year and in in the plus yeah and

Now I'm putting about $1,500 a month in. That's a bunch of different things. I was the classic, you know, 3.15% or 3.2% fixed rate investor, and then they all came off at the same time, and I've got five investment properties. They all came off the same time, or within about a six-month period of each other, into a 6% interest rate, and that was huge.

That money obviously went pretty quickly over about six months, that little buffer I'd built up, and yeah, now I'm having to contribute towards it. So I was very relieved to hear the interest rate dropping recently. Yeah, 100%. And again, it'll be interesting to see how that pans out because everyone's an expert on rates, but no one can give you the hard answer. But we'll get some softening in rates, but I wouldn't expect it to be massive over time. There'll be a portion where in an election year, people tend to sit on their hands a little bit and just wait and see it a little bit,

but at least in the right direction and it'll assist the sentiment side of the equation. Tell us a bit more about, without getting down to addresses and finance stuff, with the five properties, what do those five properties look like? Are they houses, units, apartments? Tell us about what your thinking was about,

like, I bought this because of this and then we move to that. Take us through that, please. When I was 21, I bought that first house in Maroochydore. It's a townhouse, three bedroom, one and a half bath. I bought that because it was close to the radio station. I worked out probably in the CBD centre. It's a really great location, actually.

And it's worked out really well for me. Anybody who knows about the Sunshine Coast change of CBD, I was actually backing onto what was then the Horton Park Golf Course. the council bought the golf course and have returned it or turned it into a cbd and luckily my backyard is actually the park nice so we actually changed our fence fence line about two years ago to gates so we went from having that big cyclo style fence to protect ourselves and golf balls to bringing that down and adding a gate to the back of our yards because you know our tenants will have the opportunity to walk out into a pretty beautiful park land in the middle

of the cbd nice so that worked out pretty well um i overpaid for that i paid 320 000 uh the real estate agent actually was a bit too comfortable with me because i was on the breakfast show there so i think she wanted to be friends um and she said you could have got this at 305 and i remember being furious i remember just being so angry because it's 15 000 even though it's not out of your pocket it's part of the mortgage and it's like you know a dollar or two dollars over a week or whatever it just annoyed me um yeah still significant that property's worth about 680 now um but it's only it did nothing nothing until the past five seven years yeah so just sat there doing like i had a neighbor sell 10 years into owning the property and lost money or sold it

for ten thousand dollars more which is a loss um and so yeah it finally took off obviously with Sunshine Coast becoming a bit of a desirable place around that COVID time. So that was my first property. That was sort of my headspace behind it. The second property is Adelaide. I've got four properties in Adelaide. Why Adelaide? It's just the most amazing place.

I just love Adelaide. I just think it's fantastic. I'm a Melbourne boy, even though I have done a fair bit of travel around the country. Adelaide will probably be home at one point. I just think it's the most underrated city and I've traveled to them all in Australia and lived in most. I just think it's fantastic. And I'm not even sure I'm not selling my houses.

So I'm not trying to sell, you know, the idea to anybody else. I just, it blew my mind when, and we've got family in Adelaide, my dad's side of the family's there. So I did spend some time there as a kid.

Not that I have that many memories of it, but I've got some friends there and I used to travel to Port Nalunga where their house was the Clarks and a fish off the jetty. And I just have all these great memories. And then I got the job at SAFM breakfast. Yep. I actually got the job when I was 23 or 24 years old. And then I bought a house in Adelaide just out of convenience.

I'd signed this big contract. They give you a month and a hotel to settle. And I reckon I bought the house at the end of the month. Yeah, wow. It's in a suburb near Marion. It's called Park Home. I know Park Home. Good spot.

Yeah. Yeah. So it's close to the beach, the suburb next to it. is the next suburb I bought in, which is Summerton Park. So it's about eight minutes to the beach, 10 minutes to the CBD, and I just bought it because of that convenience of being in between the two, not knowing Adelaide too well. I bought another townhouse there, this one not with a strata.

The Maroochydore does have a strata, which quickly going back, just last month we had to pay $10,000 special levy because Unit 8, there's eight of us in a row in maroochydore and unit eight had problems and because we're all part of it probably corporate we all we it was a hundred thousand dollars worth of repairs out of the sinking fund so there's a lesson um that was a very hard one that was my tax return just go on straight away uh and then park home i bought it lived in it for about six weeks and and got the job in Sydney to go to do this show called, it was called The Hot 30.

We rebranded it to a bunch of different things. The Bumpers just amped up 20 and hit 30. But I had already bought that property. So I actually remember I slept in it for one night, actually. I just remember I slept in it for one night. It settled. I got an air mattress from a friend, cooked a barbecue on a portable Weber in the backyard,

and then I moved out. No, I didn't really move in, did I? and so that was always least and then i lived in sydney for a few years wish i invested in sydney and then came back to adelaide lived in that house for a bit in park home and then i bought in it's actually a friend of mine who i went to school with travis boke he's a port adelaide football player was the captain um really you know he's had a huge and long career and he has afl he lived in summoner park and so i went and visited him and he just said this is the best suburb and so i went and bought a place in summon park um it was and we should also mention you know

we're five minutes to the beach this is why i love adelaide as well it cost me 550 000 for a three-bedroom architecturally built home um with a backyard room for four cars in a suburb that's you know a beautiful suburb even though i'm not near you know i am near the beach depends on how long a piece of string is um but i'm not on the beach side of summoning park but bought a place there and um you couldn't do that and now angus uh my neighbor sold for 970 yeah so same property so 970 um and then this is where i think my property journey sort of changed and my intellect around it did change why why did that intellect change why why well i had a friend called todd Purser and he told me about a podcast. I didn't know about Bushy Martins at that point. Of course,

I've listened to every episode since, but it was the Property Couch. And I did go back and I listened to all of their episodes and I just was a bit hooked. And it's important to mention the podcast only because they had a guest called Peter Kalizos. Ah, yep. The property professor. He's a good man of mine i love peter he's a great bloke and i do too and i would call him a mentor um in this field and one of the most gracious and best humans um around but i heard him on an episode of that podcast i heard he mentioned that he was in adelaide and i sent him a tweet and i said hey let's listen to this pop um this podcast um i'd love to talk about property in adelaide if you want and he sent me a place two days later for a coffee across the road from the uni he worked at

i met him there had a coffee and we just started talking property and over multiple discussions about investing further into property i ended up buying a block of land that i wouldn't have known existed in the suburb i didn't know existed in a place called christie's beach Oh, well. Yep. So, and that was Peter. He put that on the radar for me. He's the real estate agent.

At nine o'clock at night, I reckon, I might be dramatizing that, maybe seven. He finished a property lecture at the uni. I'd come driven to him because the real estate agent was on the phone trying to get this deal done. And they wanted, it was a piece of land that had a pool on it from a larger piece of land. So it was a block split in two, 2,200 square meters. One half of the block was a dilapidated mansion with this ridiculously high. So this guy had built a driveway of concrete and beautiful sandstone to his bedroom on the second level. Great.

Had a grotto underneath it. And then my side was just a huge, deep pool that was, you know, out of sorts. And so I bought the poolside when Peter said, put the $10,000. He actually, and he doesn't want to be the person to tell you, pull the trigger, but he just went, pull the trigger. And I'm glad he did. I ended up building two houses on that and they've done very well. There's a big jump between buying existing and the development side.

Where did you get the confidence and what was the drive you'd say, hey, I'm going to go down the new build path? Peter was the confidence. I had all confidence in him. He has never asked me for a cent. I've never paid him a dollar for his advice. He has done it out of guidance for the future generations. He's done it out of his own years of learning and the goodness of his heart.

I sent him a six or a 12-pack bottle of Rockford Rose, I think it was, which was his favorite around Christmastime. But I've broken bread at his house. He's just one of the most genuine and generous humans. um and he i had all confidence in him that he was right and he had all of the learnings to back it up yeah and i used his builder that he built on a couple of houses in portnalunga with so he guided me there they did a great job um throughout the journey there was a couple of problems with retaining walls on the property and whatnot and he's helped to guide me with those i couldn't

have done it without him and i wouldn't have done it without him um but that gave me the confidence Plus I did drive, like I was at Somerton Park, which is right next to Glenelg Beach, in between Glenelg and Brighton Beach. And the beach there is trash. It's disgusting. It's rocks, kelp, stinks. It's no good.

The beach is actually no good. It's not trash as in actual trash, but the beach is disgusting. It's a nice walk along it on the pavement. Yeah. But then you get down to Christie's Beach and all of a sudden it was like the Gold Coast. I drove onto the Esplanade. There's a line of palm trees.

The sun was shining. The sand was idyllic and white. It had a built-in reef out the back. It was closed, like, what's it called, like, protected by a cliff face from the elements so it wasn't windy. And that's one side of the road. The other side of the road, you know, there's cars on bricks and these dilapidated houses.

And I actually went down with my mum when I bought the land This is when I thought I made a huge mistake. I went down with my mum to show her the land. Very proud mum. And the block of land was the right choice. It has beach views. I'm not on the Esplanade on one back, but I overlook a park, so you have beach views.

So you can see the ocean from the bedrooms and the upstairs living area. Yep. And my mum and I went for lunch to celebrate at this cafe on the corner, and we just ordered some calamari and a beer. And anyway, the lady asked us to pay before when we ordered. And I just, and I thought that was the weirdest thing. And I said, we haven't had the food yet. We just ate in the order.

And she's like, oh, we just, that's just what we do here. And I went, oh my God, you get a lot of people running out on the check. And she goes, yep. And that was the signs. You could have all to go, oh, we've made a huge mistake here. But Peter had told me, these are the signs you look for as you start to see gentrification happen. So I talked badly about the Esplanade, but people had started to build these nice homes and next to them were these beach shacks

and the street that I was on was starting to be developed as well. So you could start to see a transformation and then the street back for more cars on bricks. And it was all the signs Peter had told me of gentrification. A new cafe had just put a commercial lease in for this cool young guy who had been a great chef in the city. And all of these things, I was like, oh, okay, this is exactly, the confidence came from, you know, the knowledge of Peter and listening. So yeah, that's why I made the decision to do it, because I had Peter's

hand. Yeah, I love it because, you know, as an ex-architect, Angus, I've always been a big proponent of building, but a lot of people in the property industry poo-poo it. And I think, to be perfectly be honest a big part of that is because the buyers agents and others in particular can't get paid to do a new build so it's easy for them to say oh it's too much risk but all things being equal if you're building the right thing in the right place that's got scarcity and the demand the benefits building as long as it's very tightly controlled in terms of cost time and quality then you're going to be a mile in front. And it's great that Peter, because again, Peter has a really

good overview. I like the way he has a very balanced view, but also recognises where someone's at and where you're trying to get to, because that's a big part of the exercise as well from that perspective. So I love all that. If we sort of draw a line through the properties you own, what's been the good, bad and ugly parts of those? yeah so i think one other thing just to quickly note there was i had no dependables i was single i had a good high income um and i had time like i finished the breakfast show at 9 a.m and when you get to these capital city breakfast shows when i was on the sunshine coast you finish work at 2 p.m because you're prepping for the next day or when you're in adelaide or capital cities you

have producers and the idea is to go out and try and find some stories for the next day so So I had the time to really kind of think about that time and money at the time to be able to really invest both of those things into that journey. Learnings, lots of learnings. The good has been Christie's Beach. You know, I think I'm about $710,000 or $720,000 into each of those homes. They're huge homes on 550 squares, four bedroom, four garage, beautiful homes. Peter would definitely say that I didn't do what Peter wanted.

He's put six properties on there, and I've built two beautiful homes in the kind of Hampton style. But, yeah, I had someone knock on the door and offer $1.5 for that about four years after. I don't know what it's worth now. There's the quality. The bit I spoke about in the intro, there's the quality of the asset, not the quantity of the asset, because it's all about scarcity.

If you've got something that people want, and particularly the emotional part of an owner-occupier versus an investor, I think you've made a really good decision there, mate. And Peter does as well, I should say that. But at the time he saw, because the house next to me, as I said, was this dilapidated house. That's now eight houses. So I look, you've got these two houses in between this, you know,

and people are developing that straight into multiple, you know, investments, obviously looking at the bottom line. But I'm a long-hold person. As I spoke about, it's a passive income. it's my retirement so um yeah no that was the right choice uh that was that's the positive heaps of negatives i mean it's not easy like i said chipping in 1500 bucks a month at the moment um is really tough really really tough um you know the yeah the mental health and load of carrying a family um financially is is tough and you know i don't think enough you know

people speak about that um that that's that's really hard um the other tough bits are just surprise special levies um or that problem that's going on with the electricals in in that uh summoner park house at the moment that'll be fixed hopefully through insurance um but a good thing is a good insurance broker that's been really good for me um i've had all of these little troubles I'm not great with paperwork and for my insurance broker I know they take their their little premium um to just hand the paperwork over and get an end result um has been really great for me I haven't had many of them but the few that I've had um and probably are going to have they've been yeah super beneficial um I would definitely recommend them um uh but yeah I mean there's there's lots

of little things there's been good tenants has been bad tenants uh i had in adelaide i had a tenant who was a racehorse rider he passed away in an accident at morfittville so that was a very interesting um piece to have a tenant who had passed away um and so the idea of i didn't i said to his family you take as long as you need um with expecting nothing in return and thankfully the Writers Association, not thankfully, but, you know, it turned out the Writers Association ended up covering the rent. I didn't expect that. So it was about being a good person to your tenants.

That's been a really good piece. You know, the people down at Christie's Beach, I raised their rent 30 bucks last time. And he said to my real estate agent, or my, sorry, my property manager, I thought he was going to put it up a hundred bucks. So just being good to the right tenants, because he's a great tenant. Yeah. yeah yeah what i'm sort of hearing there is you've been smart enough to surround yourself with with good people the property manager insurance broker because as you've already experienced i

always say it's not a matter of if you're going to have a problem with your properties that's just a matter of when that occurs yeah does occur if you've got the right people around you that can manage that without creating you know big stress and heartache but that's that's the And then Peter sort of overseeing that from that perspective, but also being smart enough because, you know, I often say that people focus on the reward side of property, but they don't look enough about the risk. And a landlord insurance policy, for example, you know, if you buy the off-the-shelf, cheap and nasty versions, that's exactly what you get versus getting a specialist landlord insurance policy that doesn't rely on the bond. but they can give you up to 52 weeks' worth of rental cover, suddenly, just for a very small difference in the premium, you're protecting yourself when that issue actually does crop up.

So you've made some pretty smart decisions, I think, in the context of surrounding yourself with people in the right spots that are giving you the right advice. You mentioned earlier that you're currently renting in Victoria. What's the rent-vesting experience been like? and how much longer do you see yourself doing that? I would certainly like to be buying the dream home. That would be ideal.

We're at a point in our life where the current home we've been in for four years renting is just getting too small. So we would like that extra space, that extra bedroom with two kids. But the reinvestment experience has been fine. You know, when I moved back to Melbourne, people think, oh, welcome back to Melbourne. You know, when I moved here, you know, five years ago, I never lived in Melbourne. I lived in Geelong.

And people don't understand that. That's like saying to somebody in Newcastle, how's life living in Sydney? It's the same distance. It is. So people are like, oh, you know, it must be good getting home to Melbourne. I didn't know where, I still don't know where Coburg is. I only know that because someone said it just before I started this recording. I'm still, I know I'm starting to get my, I've been here five years.

I mean, three of them in COVID. But I'm still trying to learn the suburbs and where they are, you know, north, west, east, south. We've chosen the inner west, and it's perfect for us. And if we weren't renting, we would never have found where we live now. And we love it. We absolutely love the area we're in, Searaville and Seddon. We absolutely love it.

So now we know this is where we want to raise our family. And so renting has given us the opportunity to figure that out because we lived in Malvern for a little bit, and we hated it. Oh my God. Couldn't get Emily, my partner out of mold and quicker. Thank God we had mold. Um, and we were able to, you know, get out of the lease, but, uh, you know, that's renting. So going back to just, you know, chucking a dartboard at Adelaide and picking a suburb to live in. Um, I probably, you know, could have rented and found some more appropriate suburbs and investment spots, but I'm certainly not, um, you know, this isn't a woe is my story, obviously. but uh yeah no renting has given us the opportunity to realize yep we're four years into this place we love it and let's look to buy our forever home not a forever home you know but our family home no i love it uh i mean my wife sonya and i we we've rent vested for years and it in both ends of the of the equation for the exactly the reasons you've mentioned because it allowed us to

put our energy into tax deductible property that were structured the right way to cover themselves but we had the freedom to taste test uh different destinations to decide whether we actually wanted to put the roots down there and if you if you go and whacked a mortgage on it and put handcuffs around around you and then suddenly you find out gee i don't like this spot and it's it's not where i want to be then the changeover cost is pretty significant so i think that's a i'm not often thought about but the big benefit of the rental piece is that does give you the flexibility and freedom to move around and taste test destinations and decide whether that's what you want to be

while you're getting your money to work a lot harder, getting the tenant and the tax man to cover a big chunk of the costs on the properties that you're holding to build your wealth. The other piece is that that park home house as well, another little horror story for you is, you know, not to say that I wouldn't have invested in the property, but I would have liked to have leased in the house first. You know, our back neighbour was a nightmare for myself

and all of our tenants. It was housing commission. We didn't know that when I bought. And he was a racist and he threatened every single person who lived in our house, especially women. And only after, you know, the last straw of it with a tenant, a great tenant wanting to leave, they captured him on film, threatening him with a sword over the top of the fence

and saying some remarks. And then the police got called. and I had to take him to the court, the civil court or whatever in Adelaide or the real estate, in front of the judge, yeah. So he took his, he had some healthcare workers who worked with him and they were there as personality witnesses or like, you know, whatever that character witnesses, saying that he's a wonderful person to be around and then, you know, the two stories didn't align

and the judge even said, where's the truth here? I'm getting told this person's amazing, I'm getting told this person's this and then I pressed play on the video and the two women that were working with him put their heads down in shame not because they knew but because they were so shocked at what was said and what was done and you know thankfully through that system he was relocated um but you know that was three years of really I lost great tenants consistently over time um every year I reckon we'll get a new tenant and um yeah I was the hero of our little row of houses once he got evicted because of the torment that he caused for everybody.

But had I leased that place like my tenants were, there's no way. I probably would have even put a line through Park Home as a suburb because of the experience. But, yeah, rent vesting definitely has its time and place. But in saying that, I would also love to be in the market. Yeah, no, I understand. I understand. You touched earlier on the sacrifices and some of the financial pain

the experience with the increase of rights in recent times. Can you sort of dig into that a little bit more in terms of some of the challenges that you've had and the learnings that others might want to glean from that? Yeah, only a couple of months ago, I had 31 cents in my account after the mortgage came out. So my mortgages are split up into three different patterns. So two comes out on the 29th, two on the 14th, and one on like the 17th.

And, yeah, it's, you know, when the real hero is my partner, you know, supporting me throughout it and, you know, telling our kids Shina Rice is a great meal. I'm not – I also should point out I feel it's part of our current journey. I've had an incredible – it feels like, you know, as there's been two parts of this podcast there was this part of my life that i had this sort of affluence and was able to invest which i'm very lucky to have today and today it's really tight

and um you know it is paycheck to paycheck and i've got to pay people you know staff members and producers and team members before myself so i sort of get in a lot of months crumbs or nothing um and so i have lent money off my mom i've taken ten thousand dollars um to get through a couple of rental months, but in saying that the studio is in a space now that it's really starting to kick some goals, especially the last three months, and that light at the end of the tunnel is there. I'll pay myself on the first of this month enough to support that,

you know, bubble of money that I need to do, that $1,500, and pay the rent. But it's not at a point, you know, I'm supporting myself and two kids, and my kids are one of my daughters about to start school, so I need to pull up the socks and really get my head in the game. Um, but I also do feel as part of the journey, I feel like there is this part where I'll look, you know, and I do look at my partner at night and I'm just so thankful that they're

not asking why we can't, you know, get, do the $200 calls around this, you know, this week. Um, so I, I, I'm actually okay with it and I'm not using it as some sort of, it's just part of the journey. Yeah. Um, and that's where we're at. And in 10 years' time, when, you know, the properties are, you know, because the one great thing about rental increases is they follow inflation.

It just unfortunately couldn't follow that sort of rise in interest rates. Yeah. But I'm confident in where we're at. Selling property has never been part of my journey or strategy. So it is about, and not at the sacrifice to my family, but we have supports around us that will get us through this moment so that, you know, the fruits of that time in the market can really come through.

But the toughest part is, Bushy, sometimes looking at like the year to year, let's say the start of 2024 versus the end of 2024, the capital gains of those five properties over time are over $100,000. But that does F all for me. I can't pull that out. It's the imaginary money. Yeah, exactly.

isn't it? It's just numbers on a board that mean absolute diddly squat. So that's really tough as well to kind of tell my partner, here's the long-term vision and she's on board with it. Noice has been. But yeah, sometimes you're just like, whew, wish they could pay a dividend for their capital gains. Well, but what I love about that, and I guess your mother is a pretty good example of exactly what you're experiencing now. It's taking that long-term view. And I know myself and Sonia, when we first started, we didn't have two cents to scratch ourselves with. And we were living on the bones of our backside. We couldn't afford heating, didn't have a TV.

I was in my mid-thirties by then because I'd just been through a pretty challenging divorce. And we were laughing at each other going, we're going to look back on this in years to come and go and see this as a fun part of the journey, even though it was tough and the resilience that builds in you and your creativeness to overcome those things and still keep a smile on your face while you're juggling the challenges of the business side of things. And that's an enduring journey for most people to say the least.

Then easy for a trusty old guy like me to say, hey, this is all part of a learning experience, but the resilience and the patience and persistence that this is building with you, I have no question you'll read the rewards on, mate. Oh, thank you, Nate. So, yeah, I love that. If you were to sort of sum up, I guess, you know, you've had quite a considerable property experience today.

What would be the key take-homes and advice that you'd give to both aspiring and existing investors based on your journey so far? yeah it's education is obviously important um you know and it doesn't cost you know library cards are free um and you know podcasts are free there's this real attitude of it can i just i hear it every time and i've seen the results of it is the difference in the right property and the wrong property are straight over and hundreds of thousands of dollars at the end of the day.

Yes, finally my Maroochydore place has doubled in value. But had I invested in the new Maroochydore development just across the road, it would probably be triple. So I wasn't educated in that. And luckily, time has kind of given me a reprieve. I know we talk about bad buyers advocates um and they're certainly out there but i think the right ones yeah amazing ones out there and it's a when it's a cost service and they're working for you you know it's their best interest

is at your beck and call and you know so and there are still people who do still take the money and don't care about it i definitely understand that but you know let's say they're 12 to 15 grand buyers and i've never used one by the way so i'm talking a bit out of pocket but just that $15,000 investment sucks like that's out of your pocket. But the difference it can make in 10 years is hundreds of thousands of dollars. So that's certainly something I'm lucky enough for this podcast company to work on.

You know, we've got a commercial property podcast as well. So that's something that sort of interests me. Yeah. You know, so it comes down to diversification in the same way that I, you know, I try to have a healthy super,

I've, I've got a little bit in shares, not much. And I've got a, property portfolio um i still believe you can diversify yourself across properties as well and i do mean that in existing i do mean that in um building for yourself and i do think there is a space um for people who do like a bit of risk for commercial um certainly um i would never you know i i've heard enough property podcasts including yours to know that you know new

new apartments off the plan and never a great investment idea um but uh yeah certainly educating myself and and if someone was listening it just pay for someone's experience if you need to um it sucks out the pocket like i had to pay that ten thousand dollar special levy just when i thought i could put the buffer back into that property um bank account and i thought we were good that that um that email came through and uh you know it's um it's the way i you know i probably wouldn't want to be in a strata going forward with any of my properties and i know the great story in sydney did i tell you this one quickly bushy yeah yeah yeah definitely a friend of mine a friend of mine uh their neighbor bought an apartment in sydney their old neighbor bought

an apartment in sydney so they moved from their neighbor to this new place in sydney it was in a apartment block that was built it was there on the ground floor they thought it was great because they had a little bit of garden space um they were in the property for six months and the elevator broke and they don't even have access to the elevator because they're on the ground floor and the amenities on the ground floor as well the pool is on the ground floor the gym's on the ground floor and they have to spend sixty thousand dollars um to pay for an elevator they'll never use uh and i just went even though i'm paying ten thousand dollars and i say it is a mistake for a house that i'll never live in down you know 30 meters to my right i did that

story really got me about that sort of apartment complex and um at least knowing by beware and having the knowledge that those kind of costs can exist um because that was a special levy i was straight out of the pocket so remortgaging the house um to pay for an elevator that they don't even have access to that's my favorite part there's no rooftop either so it's just they don't have the card to move up to a floor because they don't need access to it So, yeah, certainly buy, you know, just education. Yeah, that's it. As I sort of said at the beginning, the devil's in the detail.

And you've got to be very careful about what you buy, when and what structure and how it's financed. All of those pieces of the equation are important. And then who you get to manage it on going. I mean, it's a simple exercise, but property, but it's definitely not easy. and that's the key of educating yourself as you do and then surrounding yourself with good quality people

that is definitely going to smooth the bumps and give you the best chance of lasting long enough to enjoy the fruit at the other end of the journey. Mate, we've only just scratched the surface and I'll look forward to getting back. No, mate, that's it. Don't be kind. That's pretty much my story.

No, it's a great story, mate. I want to now sort of give you the blindfold and cigarette and jump into the round two of the series. Let's do it. What's your favourite quote and why? Oh, good one. Oh, good one. Look, a weird one.

It's a quote. It's actually a song lyric, and it's a Frank Sinatra song that my grandpa loved, Unforgettable. Matt Kinkole or Frank Sinatra? Matt Kinkole. Yeah, Matt Kinkole. Yep. And I think I just want to be unforgettable to the people

that have experiences with me. Now, that doesn't necessarily have to be you and the audience so much, but certainly, you know, I know that hopefully that'd be great. But, you know, I've got a staff member, Amelia, who's been a producer next to me for four years. And, you know, I know that whatever her career turns into, you know, post this and no doubt her wings will fly

I'll have been an unforgettable part of her career journey in the same way I hope to you know my grandkids will always remember their grandpa which is a bit more because I'm 36 still got plenty left in me but yeah more of a song lyric

I was going to say failing to train is training to fail but I actually don't believe you know it's a bit of bullshit No I love Unforgettable mate I reckon that sums it up and you certainly embody that in spades, mate. So there's no question on that, bro. Slightly different shift.

What's the top book or podcast that you'd recommend? Well, apart from Listen Able and Got Some. And I've listened to Listen Able. It's actually really, it's very entertaining because of the banter between you and Dylan. But there's a really good undertone of messages there that really stops and gets you to think about, one, how fortunate most of us are that take

for granted. But second, disabled isn't a, you know, I think it's a, I don't like the word actually because we've all got it. Some of you just can't see. Yeah. Embracing that and the diversity that goes with it adds to a way better world, I believe. Well, a really good way of looking at it is one of my best lessons I've learned from ListenAble, the podcast, is Dylan isn't disabled in an accessible

space. It's only the exterior pieces of whether it be infrastructure or people's attitudes that inhibit his life. I've been at music festivals with Dylan having drinks, moshing with people because they had the ability to have some infrastructure in place so that he could be there. And not just You know, people in chair users. So I just love that piece.

You know, we're only disabled by the environments that we're putting. And so that was a great learning for me. I was like, holy shit, that's so true. Good podcast. I'm actually reading a book at the moment called The Artist's Way. I'm only a couple of chapters into it, but I'm really enjoying it. It has this thing that I'm trying to learn, which is write every day. Whatever comes to the first thing in your mind in the morning,

it's like morning notes. um just trying to get them out and it's all about you know because creativity is a huge part of my day in my life um and it's about just um starting the water getting getting rid of the dirty water so just start getting it and then all of a sudden you start to find some clean water of creativity um so it's been sort of helpful well i'm gonna have that for kindle this mate i'm i'm a massive reader and and the creativity is what turns the lights on for me as well yeah i'm definitely going to dive into that uh completely different subject if i was to give you 50 million dollars in cold hard cash right here right now what would you invest it in or spend it on and why

i would buy a piece of commercial property um the commercial property that i would buy would be a studio space for this business and then i would rent so i would buy that for me purse in the commercial space and the business would rent off me. That's a little strategy there. That would be something. Do it for yourself, man. It's super and it's even easier, mate. There we go. Big tips from Bushy.

Then I would certainly do the holiday. My family is very deserving of that freedom of heading out and not having to worry or see all of our friends do the classic Euro trip in July

and have FOMO. I would certainly sort of do something like that. I would pay off the debts of the house, the houses already. And then probably what am I left with? 45 mil. So it probably shows that you don't need 50 million. That would be enough for me. That would solve a lot of the, probably all of the financial problems in my life.

And not problems, financial situations that I'm currently in. So I don't need 50, I'll take five. I love it. I love that. Last question then, mate, in the round, if you could wave a magic wand and change anything, what would you change about Australia's attitudes to property and investing? I'd like to see mum and dad investors have better support and security in their investments. You know, seeing these high rises go up at a terrible build quality in a place like Parramatta. And you know, immigrant families come into Australia and seeing that as an opportunity because the price point's quite low. Um, and then all of a sudden they're living in the crumbling

mess three or four years later outside the building warranty. I'd like to see those sort of situations not exist. Um, I'd like to see younger Australians have the ability to buy property like I did. Um, yes, I did have a handout from my mum. Um, obviously it was the first thing know mentioned on the podcast yeah um but i would what parent can give their kid with inflation and the cost of living you know it's the wealthier getting wealthier you know and i think it's just really tough for young people um with good incomes of eighty thousand dollars not be able to buy anything in suburbs that they want to um yeah like maybe you know i was lucky enough to probably be just on the precipice of that change

and kind of struck where the iron was hot. Yeah, I think I'd like to see those changes. Yeah. Yeah, again, it's easy to sit back and postulate, but I think from a government perspective, the energy's all going into the wrong things. There's some fairly simple things that could be done that could enable that to happen.

I won't go into detail on that now, but I think Australians have become very good at pointing the finger at someone else and expecting someone else to do it uh there there's ways and means that that structurally fairly easily could overcome some of that if they were smart enough to uh to have the courage to take some of that action and i'm talking about uh changing stamp duty structures and the the access to the property and the redirecting it elsewhere it's it's all we're laid out for us and and you know the suggestions like what i what i talked about at the start, getting kids to invest from the get-go

and non-touch money that can build over time and then help facilitate the next generation. I just think we need to take a much longer-term view rather than the what's in it for me now. But I won't get off on track. Last question, mate. If I ask you to get invested, what does that mean to you? It would mean, you know, further sacrifice, you know,

talking about my current situation, I wish that I could continually invest, whether it be small parcels of time. Look, I do reinvest the dividends of my small share portfolio back into them. I don't take that money out. So technically, I'm investing. I have a super that obviously is a share market, so I do fluctuate with that. But investment to me just seems it's quite different now. I did my investing when I was young.

The next thing that I buy will be a home, principal place of property for myself and my family. Investment now is just managing my time and making sure that the quality of it is invested in the right places. Yeah, I love it. Extremely well said because investment's not just bricks and mortar. It's your business. It's your family.

They're the enduring things that are going to make the difference, mate. And again, from what you've shared with us over the last two episodes, the lessons you've Taken from your absent father, but your very self-sacrificing, long-suffering mum, I can see the impulse. Long-suffering and having to put up with me. That's the real suffer. Oh, that's why she suffered. She'd be laughing, mate.

She'd be laughing. I have no doubt about that. There's plenty of cheek that I can see. I think you've been very restrained, actually. Our chats on the pod will get you back to make us laugh later on. But I just want to really thank you for taking the time to inspire and educate us on all things from fame, fortune, right through to property over the last two episodes, mate.

Before we close, if anyone watching or listening would like to explore how property can help you to achieve your lifestyle goals by freeing up your time and creating an income for life, whether you're new to the game or an experienced investor like Angus, feel free to explore the why, what and how of successful property that unpacks my four decades of property and life experience. by tapping the link in the show notes for the Freedom 14 program, which Angus has very capably polished to make it sound

and look a hell of a lot better than we otherwise would. Please do that. And that, of course, brings us to the end of a great couple of conversations, Angus. So thanks for getting invested, and let's make sure we keep the conversation going. I appreciate it, Bushy. Lovely to talk and, yeah, lovely to meet you as well.

It's been a great couple of experiences I've had, you and Sonia in the studio and look forward to seeing you back here and trying to level up everyone else's property game as well. Love it, mate. Let's keep in touch. Thank you. Thanks for tuning in to Get Invested on the Property Hub podcast channel, your home for property investment insights and inspiration. Make sure you subscribe to Property Hub for free. Get your weekly dose of Get Invested inspiration along with every episode of Realty Talk, Australia's top online property show for red hot property investing news and insights direct from industry leaders and influencers. And finally, I'll see you next time.