A 23-year-old Aussie with a million dollar property portfolio has hit back at the “pitchforks” he believes are currently aimed at landlords., 23, bought his first home when he was 22, going halves with his dad on a four-bedroom, two-bathroom house in Perth that cost $450,000.
While his peers are online complaining about rental increases, he is considering increasing a tenant’s rent by $50 once their lease ends. “Rent is being increased every year,” he told news.com.au, adding that he only charges his tenants “market” rates. Mr Giddings said he has always been “pretty driven” and that is what made him want to build his empire.
So instead, he works 9-5 at a job in the property field making around $65,000, with the goal of becoming a mortgage broker. He also works at a petrol station, pulling in about $30,000.