The lights dimmed and the audience hushed as Joseph Mourtada, property consultant and strategist, took the stage at the offices of Megaward Property Group (MPGroup) in Sydney. He invited his colleague Anna to join him and began an evening that would leave the attendees buzzing with excitement about the world of property investment.
As the guests took their seats, they each found a folder waiting for them, filled with documents showcasing the success of MPGroup and the various areas of development in Sydney, such as the rising population and expanding metro lines. The stage was set for an exciting evening of learning and discovery.
Anna took the stage first and told the story of MPGroup’s founding in 2010 and their incredible success over the past thirteen years. The information packet given to attendees detailed how the company has helped over 10,000 investors accumulate $2.3 billion in high-quality Sydney real estate assets. The crowd was already beginning to see the possibilities.
Then, Joseph Mourtada took the stage and dove right into the topic at hand: the cost of living crisis in Sydney and how it’s impacting the property markets. With his trademark enthusiasm, he showed a video depicting excessive wait times outside apartment buildings as people searched for a unit to rent. The audience was shocked to learn that these units were going for more than they were worth, with a two-bedroom apartment going for $800 per week. Mourtada explained that these long wait times are mainly seen in suburbs closer to the city.
In terms of purchasing property, Mourtada explained that the cost of housing is becoming an increasing issue, with the estimated cost of a house doubling in a decade. However, he pointed out that the increase in rent has led to an increase in people buying homes as it becomes the more conservative option. He then went on to discuss the Albanese Government’s intention to settle 650,000 new migrants in areas such as Sydney. Mourtada explained the challenges of housing these new migrants and how it will impact local residents.
As the evening progressed, Mourtada explained the concept of negative gearing in owning an investment property and how it’s one of the best business decisions someone could make in the current situation in Sydney. The excitement in the room was palpable as attendees began to realize the possibilities of making their money work for them. Anna chimed in, explaining that what sets the rich apart from the middle class is their ability to make their money work for them, such as earning income from investment properties.
Mourtada wrapped up the evening with a final piece of advice that left the audience buzzing: “Buy in an area with high growth potential and where you can afford to buy, and live in a rental property in a cheaper area that you love.” He explained that by doing so, you can accumulate equity faster and claim tax deductions from the investment property that you cannot attain by living in the property.
The evening was a resounding success, leaving attendees excited and energized about the possibilities of investing in the Sydney property market. With MPGroup’s help, they knew they could navigate their way through the market with confidence and skill.
