Finance advice

$3 million and 10 properties later: A property investor shares her greatest pride and biggest regret

By Bianca Dabu
money, cash, property investor, investing, investments, properties, biggest regret in investment, loan restrictions

Since buying her first investment property at 19, Jacqui Zielinski has successfully built a 10-property portfolio with assets spread across Australia—all amounting to around $3 million. Is it time for her to take a break?

Like many self-employed property investors, Jacqui has found herself limited by the new loan restrictions that were recently implemented to slow down investment lending in the country. She is currently looking to sit on her properties for a while until she could get enough financing for her next property purchase.

“I would say we probably wouldn't look to buy for another two to three years unless there are changes in lending criteria and the banks are willing to go there,” the property investor said.

While this may sound like bad news for many people, Jacqui is quite happy to be given the chance to get more creative with the ways she could extract equity from her assets, all while also having the time to focus on her digital agency business.

According to her: “There are plans that I have for the portfolio, even though we're not necessarily buying more, there are things that I can do with the current portfolio to improve things.”

“There are other ways that I could creatively create more equity out of that portfolio. There are properties that haven't been renovated ... things like that. It's all [about] timing and choosing when I'm going to do certain things … At the moment, I'm just going to sit tight,” she added.

Smart Property Investment’s Phil Tarrant agrees that there’s no need to rush in the property investment landscape. After all, time supposedly takes care of property portfolios with good, well-bought assets.

He told Jacqui: “You've been investing since 20 and you're still really young, so you've got at least a good two, three market cycles left to really manufacture some world.”

The importance of education

Even though she dropped out of college after five weeks in, Jacqui made sure that she never deprived herself of knowledge that she needed to pursue her passion. Aside from acquiring office administration skills, she was also able to land a job at an investment company and, later on, at a bank.

These experiences, coupled with the desire to succeed, helped her build the portfolio she holds right now.

Jacqui shared: “I would say, in the early days, I did a lot myself. I was all around just trying to read as much, go to events, everything like that.”

“But I think for me, where it really changed, is when I started seeking advice from trusted people … I started getting actual mentors in that space—[those who] had achieved what I want to achieve.

“That really pushed me to go further. I think, even though I was hungry to do it, that guidance that I got from them was definitely what took me to the next level.”

Biggest regrets and greatest achievement

Throughout her property investment journey, Jacqui admits having committed different mistakes that, thankfully, didn’t totally derail everything she has worked hard for. Most of her biggest investment regrets echo that of many property investors.

She said: “One thing I would do differently would be … overdoing it in certain areas. [I would have] probably spread the risk out a little bit [to] some areas.”

“Potentially, [I’d change things] around [my] loan structuring as well … I'd probably structure things separately so … [even if] I'm out of the game … my husband could still do things on his own.

“The last one would probably be trying to buy more properties that have development potential ... I'd still keep some [of the apartments and units with] very good cash flow but I would [have to] balance it out with some more houses [where] I could do some subdivisions, [and] granny flats.”

Despite her regrets, Jacqui remains proud of what she has achieved over the years, considering how hard she had to work for it from the ground up. As she goes on her journey, she maintains an ambitious outlook as a property investor and a business owner.

According to her: “I'm proud that we've been able to build to this level. In the early days, we weren't earning a lot of money … but we've been able to leverage financing ... and create a nice nest egg.”

“My original goal was I wanted to be a millionaire asset-wise by my 30th birthday, and I'm 29 now, so I've done that … [Now], I feel like I need to set some new ones around the property stuff,” Jacqui concluded.

Tune in to Jacqui Zielenski’s episode on The Smart Property Investment Show to know more about the impact of educating yourself, how to find a balance between business work and investment, and the simple but effective ways to improve your current portfolio.

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  ["title"]=>
  string(72) "Mortgages in a tighter lending economy and why Brisbane is a good option"
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  ["introtext"]=>
  string(255) "

Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall investment experience seamless and stress-free!

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To hear more about these services, make sure to tune in to this episode of Property Showcase!

 Make sure you never miss an episode by subscribing to us now on iTunes!

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Son Pham is the accredited Head of Mortgages at Rethink Financing\/Rethink Investing. He has over 6 years\u2019 experience writing loans, over 12 years in the wealth management industry working for the likes of CBA, AMP and private practice and he is also a licenced financial planner (AFSL 326450). He has multiple investment properties that are cash flow positive which help pay his mortgage on his home and fund his lifestyle.<\/p>\r\n

Son is able to write all types of residential and commercial property loans.<\/p>\r\n

In this episode of Property Showcase, head of mortgages at Rethink investing Son Pham joins host Tim Neary to unpack how an investor should approach getting a mortgage in place with banks tightening down on serviceability.<\/p>\r\n

Hear from\u00a0Son\u00a0about:\u00a0<\/p>\r\n

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  • The pitfalls that he has seen people get into<\/li>\r\n
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    Whether it\u2019s building a successful property portfolio or investing in one of their Development Funds, Open Corp can help you through every stage of your investment journey. The team has 40 property specialists who collectively have been involved in over $4 billion worth of property transactions and the acquisition of more than 8000 homes and investment properties.<\/p>\r\n

    In this episode of Property Showcase, director of investment services for Open Corp Michael Beresford,\u00a0joins\u00a0editor of Real Estate, Tim Neary to share why he disagrees that the cooling market means that the best times are behind us.<\/p>\r\n

    In this episode, hear from\u00a0Michael\u00a0about:\u00a0<\/p>\r\n

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    • Why Brisbane is a good investment option right now<\/li>\r\n
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Mortgages in a tighter lending economy and why Brisbane is a good option
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Will Magee has had ambitions to enter into the Australian property market for quite some time, but it has been more than just finances holding him back.  Having been granted permanent residency just two weeks ago, Will is wasting no time and is now in the process of signing papers and finding his first investment property.

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In this episode of the Smart Property Investment Show, Will joins host Phil Tarrant to share why he is purchasing his first property in partnership with his brother, discuss the complications that can arise from such a strategy, and unpack the ongoing plan for building a joint property portfolio with his brother.

Will will also share how they approached saving for their first property, why he is taking out the mortgage in his name exclusively, and share their savings plan for the year ahead.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

From property in Australia to a ski lodge in Japan
Mortgage Trusts, an alternative first step for property investors
Should a real estate title be in one person’s name only?

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A property investment plan years in the making
object(stdClass)#1203 (52) {
  ["id"]=>
  string(5) "18287"
  ["title"]=>
  string(75) "Regional Victoria showing up Melbourne in price performance, new data finds"
  ["alias"]=>
  string(74) "regional-victoria-showing-up-melbourne-in-price-performance-new-data-finds"
  ["introtext"]=>
  string(139) "

Median house prices in regional Victoria outperformed that of Melbourne in the June quarter, the latest REIV figures reveal. 

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Median house prices in the regions rose 4.0 per cent to $419,500 but in Melbourne they dipped by 0.6 of a percentage point to $840,000.

The result in Melbourne was due to a 0.8 of a percentage point fall in prices achieved at auction; this was despite a lift of 2.3 per cent in private sales.

Inner Melbourne suffered due to auction prices, where median prices fell by 4.9 per cent to $1,459,000 but it was middle Melbourne that was hardest hit, with a 5.4 per cent drop to $974,500.

Outer Melbourne had a good quarter with the median rising by 0.5 of a percentage point to $681,000.

Apartment prices in regional Victoria grew by 3.7 per cent to $304,500 while the metro media was up by 0.5 of a percentage point to $604,000.

REIV President Richard Simpson said that despite fewer sales, many sectors of the market were performing well.

“2017 was a bumper year and while the trendline has flattened, despite the fall in median house prices in the June quarter, median prices are still up this calendar year for both houses and units, in Melbourne and in the regions,” Mr Simpson said. 

In particular there was been strong growth in regional centres which is probably due to the first-home buyers’ concessions said Mr Simpsons.

“The first-home buyers’ concession has been a boon for regional areas. A new entrant to the property market buying a house at the regional median will pay no stamp duty, while a first home buyer of an apartment in Melbourne at the median price would pay stamp duty of nearly $25,000,” he said.

Mr Simpson said that more prospective buyers are looking towards regional Victoria which is also having an effect in Melbourne.

“Melbourne’s outer perimeter continues to grow. Small increases in the June quarter mean that the median prices for both houses and units have risen over 10.5 per cent from a year ago.

Mr Simpson said moving forward that vendors need more realistic expectations as the highs of 2017 are now over.

“Negative chatter about the future of the sector coupled with stronger lending controls by financial institutions has created some uncertainty and vendors need to be realistic with their price expectations,” Mr Simpson said.

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Regional Victoria showing up Melbourne in price performance, new data finds

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