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THE PROPERTY NERDS: From off-the-plan mistakes to a $7m portfolio
Description
Their first off-the-plan apartments barely grew, but a Sydney doctor and lawyer built a $7 million portfolio by investing across regional markets and delaying their dream home.
On The Property Nerds, Arjun Paliwal speaks with doctor Rex Kwan and lawyer Melissa Tsui about turning stagnant off-the-plan apartments into a multi-state portfolio worth more than $7 million, with over $2 million in equity.
After their first properties delivered little capital growth and weak rental yields, the couple changed tack in 2021, buying across South Australia, Queensland, Western Australia, and Victoria, including properties they had never inspected in person.
They explain why they put their Sydney home dream on hold, how data helped them overcome doubts about unfamiliar regional markets, and the settlement drama that nearly derailed their latest Victorian purchase.
From starting young and choosing the right team to keeping cash flow and borrowing capacity in check, the couple share the lessons behind their portfolio growth and their plans to keep expanding.