How one couple turned a single investment into a $3m property empire

A young couple who feared they had been priced out of Brisbane’s booming housing market has instead built a property portfolio worth almost $3m, while continuing to rent the home they live in. Jess and Daniel Field, both 32, have used an extraordinary $440,000 equity gain from their first Brisbane investment property to fund two more home builds — bucking the narrative that younger Australians are giving up on property investment. The parents of two moved from Melbourne to Brisbane in 2023 and initially rented while deciding whether Queensland would become their permanent home. Jess and Daniel Field are continuing to invest in property despite changes to negative gearing. But while they waited, Brisbane property prices surged and the type of family home they wanted became increasingly difficult to afford. “We were going to be downgrading back to the size of our first property, but paying at the higher end of our budget,” Ms Field said. “That wasn’t what we wanted to do. We thought having an asset was better than not having an asset.” Instead, they decided to employ the services of Propell Property to buy a house-and-land investment in White Rock for $744,500, and become rentvestors...