Do property investors need to know their number?

By Cameron Micallef 18 March 2020 | 1 minute read

The majority of property investors begin their journey as a way to earn a passive income in retirement, with a set number in mind to achieve this outcome.


During a recent recording of The Smart Property Investment Show, host Phil Tarrant and property investor Tina Tower discussed whether it is important to have an end number in mind when investing.

Ms Tower said the importance of a number for her was to make sure she could live happily ever after, having gone through stages of being flat broke.

“My goal is always to get $500,000 a year passive income, which I’m nowhere near. So yeah, I’ve still got a long way to go. That’s my number,” Ms Tower said.

Host Phil Tarrant offered a slightly different sentiment, noting that as a property investor his number is constantly changing.


“I don’t actually have a number. Investors seem to associate a level of happiness with a level of income to promote happiness. But what makes people happy changes over time,” Mr Tarrant said.

“I don’t think, I don’t associate [money] so much with happiness. I was happy with a lot less than what I have now. It’s just the things that allow you to do day to day, which is fun,” Ms Tower said.

Ms Tower also shared with listeners her simple strategy to get a foothold on the property ladder while she was starting out her journey.

“I had a simple property investment strategy of if the rent covered the insurance, the rights and the mortgage, I was in. That was fine. That’s all I needed because I didn’t earn enough money to kind of support negative gearing,” Ms Tower said.



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.

Do property investors need to know their number?
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