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.
- It's not a property problem, it's a strategy and finance-structure problem. Solve the structure and the property gets easier.
- Land does the lifting; buildings depreciate. A high-rise apartment leaves you a slither of land and a depreciating building, little to drive long-term growth.
- The patient path works: buy one good property, let it become neutral, then buy the next. Most portfolios are built by default, not force.
- You don't need to make a great decision quickly, you need to make a good decision when the right opportunity comes.
- Don't let a tax change decide your strategy. Tax is an outcome; the strategy is long-term capital growth over 10–15 years.
- Three buckets: personal, business, retirement. Neglect two and you end up on the pension; align all three and they compound.
-The first property is the one that sets you back if you get it wrong. Get experienced eyes on it before you buy.