THE PROPERTY NERDS: Don't buy in Sydney

In this episode of The Property Nerds, hosts Arjun Paliwal and Jack Fouracre are joined by investor Vignesh Rajashekar to discuss building a growing property portfolio before the age of 30.

Rajashekar shares how his financial mindset was shaped by his father, a first-generation immigrant who emphasised saving, discipline, and long-term thinking.

At just 23, he began exploring property investment instead of lifestyle spending, choosing to prioritise assets over depreciating purchases.

His first purchase was a $470,000 house in Adelaide in 2021, which has since appreciated significantly, demonstrating the potential of well-researched interstate investing.

The episode also explores the psychological shift required to move from saving cash to managing larger levels of debt tied to property investment.

After building equity in his first property, Rajashekar leveraged it to purchase another investment in Bundaberg in 2023, accelerating the growth of his portfolio.

He highlights the importance of surrounding yourself with a trusted team of advisers and relying on data-driven insights when investing in unfamiliar markets.

Overall, the discussion underscores how starting early, maintaining discipline, and focusing on long-term opportunity costs can help young Australians build wealth through property.