Ep.266: The Difference Between Property Investing and Creating Long Term Wealth, with Brett Warren

In this week’s episode of the Geared for Growth podcast, host Mike Mortlock sits down with Brett Warren, Director at Metropole Property Strategists, to dive into the essentials of long-term wealth creation and why it’s crucial to have a clear strategy for your financial goals.

Mike and Brett explore how many properties you need to achieve financial freedom, with Brett sharing his insights on the types of properties that offer the best returns. He also highlights the biggest mistake investors make along their investment journey and how to avoid it.

The conversation takes a look at the property market over the past few years and offers a forecast for the next five, focusing on recent capital growth trends. They discuss each capital city, examining where they fall on the property clock and evaluating the risk profiles of each market.

Mike digs into Brett’s criteria for selecting investments geared toward long-term wealth, and Brett outlines the fundamental qualities he seeks in a property. He also explains his approach to “reverse engineering” a property strategy—starting with the end goal of a desired portfolio and income level, and working backwards to build a plan to achieve it.

This no-nonsense, straightforward discussion is a must-listen for anyone interested in property investment, whether you’re just starting out or well along your property journey.

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In this week’s episode of the Geared for Growth podcast, host Mike Mortlock sits down with Brett Warren, Director at Metropole Property Strategists, to dive into the essentials of long-term wealth creation and why it’s crucial to have a clear strategy for your financial goals.

• The difference between property investing and creating long term wealth
• How many properties do you need in your portfolio?
• Are regional markets riskier than capital cities?
• Rating capital cities on the property clock
• Analysing a market for long term wealth
• Looking forward for the next five years

“I think most property investors don’t really understand what they want to achieve, what they want to get out of the properties moving forward” 0:30

“For every $100,000 you’re going to want in retirement you’re gonna need about $3,000,000 of property unencumbered giving about 3 or 4% return” 2:07

“Will the next five years be the same and then will the next decade the same? I think you will see a return to the fundamentals and good quality assets and that’s stood the test of time” 11:21

“It’s always for me about quality over quantity you know if you can afford it $550,000-600,000 property you should get the best property you can, if you can’t afford to buy for that you should probably try and get yourself into a position to do that” 12:48

“This is what a lot of people don’t understand. They think they can keep buying property but at some stage you’ve got to consolidate and take debt out of your portfolio so you’ve got something to live off” 18:35

“I do still think there’s some good opportunities in the Brisbane market particularly. I’m based in Brisbane so I know Brisbane fairly well, as long as you getting within that kind of 10 or 12 km ring I don’t think you can go too far wrong for a townhouse or a house” 20:59

“As long as you’re buying in homeowner dominated locations in the inner to middle ring suburbs and not in the outer areas that are driven by investors that will be scared off I think you’ll do very well” 25:16

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