Australia's property market has made the traditional buy-and-leverage strategy nearly impossible. Interest rates won't fall enough to help investors scale beyond one or two properties, so building a multi-million-dollar portfolio now requires a completely different approach than it did before.
The world of serviceability has changed a lot, and I don't think it's gonna get any easier. As interest rates come down, we might loosen up a little bit, but the whole system is not set up for crazy property investors who wanna buy 4, 5, 6, 7, 8, 10 properties and create freedom through property investing. It's not set up to support that, right? But for the purpose of practicality, when it comes to today, like, what we really gotta talk about is, well, how do you get past property number 1 or property number 2? Right, how do you get past that? Because you're not creating financial freedom with 1 or 2 properties, especially in the resi world. It's not gonna happen, right? So, but it is still possible to grow a multi, multi-million dollar portfolio when it comes to the world of property, but you can't just do property, oh, let's just buy a property and we'll grab a little bit of equity out and we'll buy another one. It just doesn't work anymore. It's a broken system. It does not work anymore. So we have to be far more strategic.
