Letter of the month

In praise of property

For any 20- to 30-year-olds reading this magazine, don’t worry about having a wardrobe full of clothes that sometimes you will never wear, or the flash car that depreciates as soon as you drive it out of the car yard. Invest in property! I would love to be 20 and know what I know now about real estate.

I bought my first house at 20, sold it six years later for a profit of $24,000 (back in the 1970s) and my husband and I have just gone from strength to strength with property. We are just about to retire, we own our own home on the Gold Coast, and have two investment properties owned outright and four properties positively geared.

You can do it, too, and set yourself up for retirement, as who knows how things will work in, say, 50 years when you retire as regards super, pensions, etc.

Just take that first step – it is fun!

Terrie, Qld