How to Build a Property Portfolio on a Normal Income | Peter Savage
About this episode
Peter Savage shares his journey of building a property portfolio on a normal income and discusses key investment strategies.
Julian is joined in the podcast studio by Peter Savage, founder of Savage Money and a mortgage broker who built a multi-million-dollar property portfolio while spending fifteen years on a factory floor. Growing up in a housing-trust home with a scarcity mindset, Peter picked up a single book in his twenties, bought his first investment property at 24, and kept acquiring, eventually walking away from a six-figure factory wage to start a broking business that settled over $30 million in its first year at Savage Money. His mission is simple: show everyday Australians, especially tradies and self-employed business owners, that wealth creation is a game of finance, not luck. In this episode, Peter speaks to why land does the lifting and buildings depreciate, the three-bucket system that separates wealthy investors from pensioners, why a looming tax change should never decide your strategy, and the patient "buy one good property and get back to life" approach that quietly builds real portfolios, sparking a refreshingly honest conversation about how property wealth actually gets built.
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