Andrew Nicol

speaker

331 appearances 1 recordings 1 series first heard Jun 2026 last heard 21 Jun

Andrew Nicol’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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The Prosperity Project · Prolific investor says property isn't dead · 21 Jun 2026 podcast

I started saving a deposit.

I met who would later become a friend of mine, Tony Mounts, who's a mortgage broker.

He got me an approval and I bought my first rental and then just carried on from there.

Yeah, so that was 22 years ago.

So the first house I ever bought was about $220,000, and I had a 5% deposit, so roughly...

What was that, $20,000?

$10,000.

$12,500, I think, is what we put down, and that included my renovation money.

Now, that sounds like a small number because it is, but I think my salary at the time might have been $30,000 a year.

So I did that with a girlfriend at the time.

We bought a five-bedroom house, and I was very yield-focused.

I wanted to know I could get the maximum amount of rent from that property, and we renovated it very poorly.

So we did everything ourself.

like painted it and stripped wallpaper every night after work.

And it was horrifically designed.

We painted a feature wall in each of the rooms, different colour.

Yeah.

I remember one room was like a brown colour and one was like a maroon colour.

And then once we got it finished, we got it revalued.

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