Featured Image Credit: Instagram/samgordonproperty
Topics: Australia, Money, World News
Poppy Bilderbeck
Topics: Australia, Money, World News
A landlord has decided to part some wisdom on why home-owning is more accessible than we think.
It's 2024. The housing market has been well and truly f**ked. The generations above you are cackling over how they managed to score a property for the price of a packet of fries and the likelihood you'll ever own a home is ridiculously low - or so you apparently thought.
Australian property investor Sam Gordon has since opened up on why people 'just need to realize that it it literally accessible for anyone' to invest in property.
Gordon tells The Mail Online Australia he believes if anyone is 'willing to put the work in and go down the avenue of building a portfolio', then they can do it.
"I think people need to realise that it is literally accessible to anyone to do it, if you're willing to want to educate yourself around how to do it properly," he states.
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He also argues the government 'wants' people to be able to get to a place to 'replace their own incomes or do that as close as possible or even more'.
"Then, when they get to retirement, they're not relying on the government for the pension," he says.
But how is Gordon putting his money where his mouth is and what's his method which makes it all so 'accessible'?
Well, the property owner has 'done very well' for himself in the space of '15 years' although he notes he has been investing 'for almost half the time' he's been alive.
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"I buy a lot of stuff that almost 95 per cent of people couldn't buy, and 99 per cent people wouldn't buy, and do a lot of renovations to bring them back," Gordon says. "I bought dilapidated, run-down, unliveable [houses] direct from banks, like repossessions."
Gordon then renovates the properties, brings them 'up to standard', and 'a lot of the time' will 'build a secondary dwelling' too, adding rental stock back into the market.
He notes it's 'obviously' not 'free' and 'not a charity', but how he buys and develops properties helps 'take pressure off of the public housing system' and fills a gap the government aren't able to.
Gordon resolves: "If it weren't for private investors like myself, the government wouldn't be able to afford to supply all the rental properties that Australians need."
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Thoughts?