Before making a name for himself in the Australian real estate sector, Philippe Brach, CEO of Multifocus Properties & Finance, traveled the world as an expatriate working for an international hotel group.
"My wife and I decided to move to Australia in the late 1990s. It was an important decision because knowing where we were going to live for the rest of our lives allowed us to start planning our future, "he says.
It was around this time that Philippe discovered Australia's unusual tax regime for real estate investment – and then set out to maximize its benefits.
AT A GLANCE
Most advantageous agreement: "Land not registered in Geelong which generated nearly $ 100,000 in equity"
Best Negotiation: "$ 25,000 Lower Purchase Price for Property After Finding Termite Holes Under the Front Door"
Biggest real estate regret: "Purchase of housing in a village of retirees. Cash flow has been significant, but there has been no capital growth due to the constant increase in corporate costs "
"Once I understood the numbers, I fell in love with the concept. We immediately started building a portfolio of properties. ยป
To this day, Philippe and his wife continue to increase their investments to further secure their future.
"The equity accumulated in the portfolio has given us peace of mind that we are going to have a comfortable retirement no matter what happens to our retirement pension," he explains.
"We have already started taking longer vacations, and we are looking forward to gently relaxing on retirement when the time comes – but not quite yet!"
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