How younger Aussies can get ahead through property

By Cameron Micallef 30 January 2020 | 1 minute read

Younger investors who are looking to achieve financial independence should look to invest in property as soon as possible to take advantage of the time value of money, according to an industry expert.

Paul Glossop

In conversation with Smart Property Investment, Pure Property Investment managing director Paul Glossop discussed strategies for younger investors who are looking to achieve financial independence.

Mr Glossop suggests investors might be unaware of what they need to retire, with the first step towards financial independence being understanding how much they need based on their lifestyle. 

“Most people get a bit too arbitrary about what they need and throw out the standard I need 100 grand passive income and that number can be too much or too little for many people,” Mr Glossop said.

The second step is figuring out how to have a blended strategy to grow the portfolio while paying down debt, Mr Glossop said.


Mr Glossop suggests investors should take advantage of time by exposing themselves to property as soon as they can, provided the numbers align. 

“If you do maximise your leverage, recycle, beg, borrow, steal to get as much exposure to good-quality growth assets that have decent cash flows in the early stages because [of] the ability of that to compound and turn into so much more in a short period of time,” Mr Glossop continued.

Depending on where investors start Mr Glossop suggests the biggest hurdle is getting the deposit together, with investors often waiting years to save up to a 20 per cent deposit.

“The challenge is rarely time, the challenge is getting your hands on a deposit. The bona fide strategies I have seen are accessing equity or guarantor loans,” Mr Glossop said.

“The other part is sacrifice and use lenders mortgage insurance for what it’s good for in the early stages. 

“I think people often think they need a 20 per cent deposit available to buy that first investment.”

Property investors should also get creative and look to buy beyond their city, with big markets not necessarily being the best markets to buy in.

“It doesn’t mean because you’re not buying in a city you’re not producing outcomes, it has to be very specific at what you’re trying to achieve as well as where your budget sits,” he said.

To ensure growth in their portfolio, the property investor suggests taking advantage of “the most powerful and unique part of property in this country which is leverage.”

Finally Mr Glossop advises investors the best way to get ahead is to discuss their situation with an expert as early as possible. 

“Enquiring and getting that understanding of what can happen today as opposed to thinking about getting to this milestone before doing something. 

That conversation might not mean you’re going to buy a property tomorrow but it might mean you get some realistic and time-bound goals, Mr Glossop concluded.



Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.

How younger Aussies can get ahead through property
Paul Glossop
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