PHOTO: Think it’s too late to become a property mogul? Think again. 🏡 Kerry Packer. FILE
Allan Mason — the former accountant of late media tycoon Kerry Packer — has revealed his conservative, risk-averse property formula that could turn a $200,000 deposit into a $24 million portfolio.
🏠 Why Your Family Home Is the Secret Weapon
Mason, a Brisbane-based strategist, argues the family home is the perfect launchpad for wealth creation:
“It can be a massive starting point in wealth creation because there is no other investment that is tax-free.”
Selling your home attracts no capital gains tax, unlike most other investments, making it a powerful first step for aspiring investors.
📘 Inside the Strategy: Property Secrets of the Rich
In his book Property Secrets of the Rich, Mason lays out a blueprint:
-
Save a 20% deposit for your first property
-
Research carefully — avoid “following the crowd”
-
Hold the property (don’t sell!)
-
After four years, buy the next one
-
Repeat every 4 years until 60
📈 The result? A portfolio worth $24 million and a passive income of $404,775 per year by retirement.
🔑 The Property Checklist
✔️ Buy within 15km of a major capital city (Sydney, Melbourne, Brisbane)
✔️ Avoid regional mining towns with oversupply risk
✔️ Focus on high rental yields (9–11%)
✔️ Look for undervalued or distressed sales
✔️ Renovate or add value (granny flats, cosmetic upgrades)
✔️ Never sell – it’s about time in the market, not timing
‘A major part of wealth creation is your home,’ says Mr Mason.
📊 Why Debt Isn’t the Enemy
Mason stresses that “debt is just maths”:
-
A 6% investment loan may only cost 3–4% after tax refunds
-
Add depreciation and you could be positively geared
-
Leverage equity from one property to buy the next
Example:
-
Buy a $1m property with $200k deposit
-
If it grows to $2m in 10 years, you’ve made $1m on your deposit
-
That’s a 500% gain — tax-free until you sell
The above figure predicts a portfolio value of $24million over 40 years with an average growth rate of five per cent. This involves buying one property every four years from age 20 and holding it until you’re 60. The two columns are inflation-adjusted value in today’s dollars and the future value – not inflation adjusted
🕰️ Time in the Market Is Everything
Property doesn’t rise in a straight line. Mason says history shows:
📉 Periods of flat growth (5–10 years)
📈 Followed by big jumps
“This is a lifetime strategy, not a get-rich-quick scheme. You must be in the market to benefit.”
🔮 The Future of Aussie Housing
Mason admits predicting the market is impossible, but remains bullish:
-
Immigration and population growth 📈
-
Limited housing supply 🏗️
-
Rising building costs 💸
-
Inflation pressure 🔥
He warns Australia may “inflate its way out of debt”, meaning all assets — including property — will climb.
“On balance, I believe the next 5–10 years will deliver similar gains to the last decade.”
🚀 The Takeaway
With discipline, patience, and a risk-averse formula, Mason says everyday Australians can still build multi-million-dollar property portfolios — even starting later in life.
SOURCE: THE DAILY MAIL
