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Advantages of teaching your kids about property at a young age

Advantages of teaching your kids about property at a young age

by Cameron Micallef | April 20, 2020 | 1 minute read

Teaching children the value of property investments and the skills required to be successful at it can go a long way to shaping their investment future, explained an industry expert.

teaching your kids about property
April 20, 2020

In a recent episode of the Smart Property Investment Show, Anjay Zazulak shared how his former McDonald’s CEO father got him started on his property journey, by spending his weekends renovating properties.

“My property journey started through [my dad]. When I was 12, my dad was buying one or two properties a year and renovating them, so my weekends were spent renovating kitchens, striping wallpaper, ripping up carpet. I just thought that is what every kid did,” Mr Zazulak explained.

Mr Zazulak said that it gave him a good apprenticeship for what he is currently doing, with the skills learnt in childhood guiding him today.

When his family moved to Australia, Mr Zazulak took his lessons learnt in New Zealand “in finding properties at the right price, renovating to add value and sitting on it for three to five years”.

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The property investor explained his father’s one regret in life was not starting his property journey sooner, as the investor retired just six years after starting his property journey.

“He quit work and moved to Australia in ’99. From the time we were in Australia, we were buying one to two properties a year to get away from mum,” he jokingly said.

“It was just a hobby. He took the skills that we did in New Zealand. A lot of the properties in New Zealand were on big blocks, so you could build or subdivide off the back of that.”

The property investor explained the net results of this strategy and his family’s hard work was creating a nice nest egg for the family, which now owns more than 20 properties across the upper and lower North Shore of Sydney.

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Advantages of teaching your kids about property at a young age
teaching your kids about property
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