6 Outrageous Property Plays I Want to Pull Off Before I Die
Episode Summary
In this special New Year's episode, Andrew shares the 6 bold, high-upside property strategies on his bucket list and why he's committed to making them happen in 2026 and beyond. From solar farms to truck depots on contaminated land, Andrew walks through each play, the rationale behind it, and what kind of returns he's chasing. Some are already in motion. Others are wild bets. But all are real strategies with real potential.
Key Takeaways:
- How Andrew is thinking about risk, diversification, and upside in 2026
- Why being a generalist (not a specialist) is his superpower
- What makes solar farms, billboards & rural land high-value plays
- The mindset shift needed to go beyond the usual 'buy-and-hold'
- Six specific strategies: build-to-lease, solar farms, retirement villages, rural subdivisions, contaminated land, and billboards
6 Outrageous Property Plays I Want to Pull Off Before I Die
Every investor has a comfort zone - mine used to be office space. But after nearly losing it all in the GFC, I rebuilt my portfolio with a new mindset: chase cash flow, diversify intelligently, and look for underutilised land with upside.
This year, I'm going public with 6 outrageous property plays that I want to execute before I die. Some are already in motion. Others are moonshots. But each one is real and packed with lessons for other investors.
1. Build-to-Lease Unit Development
I'm turning a $120K block of land (bought with just $60K down) into a 15-unit development I plan to keep and lease long-term. No excuses, this one's real, and the projected profit? $1.5M.
2. Turn Rural Land Into a Solar Farm
After exploring solar leases, I learned that land near the power grid with 100+ acres has huge value. I'm now advising sellers on how to market for this use, even if I can't buy it myself (yet).
Key criteria for solar farm suitability:
3. Create a Retirement Village on Rural Land
The land lease model is booming. Retirees get affordable housing, operators earn multiple income streams, and landowners unlock massive value. I'm in talks to help make one happen.
The retirement village business model: 1. Get material change of use approval (rural to residential zoning) 2. Build houses and sell at markup 3. Retain land ownership and charge ground rent 4. Earn ongoing fees from maintenance and services
4. Subdivide Rural Land Into Residential Blocks
I'm working with owners of 650 acres near Townsville to explore subdivision. With services already connected, it could become 500+ one-acre lots. Early numbers show $80M in potential profit.
| Component | Amount |
|---|---|
| Land cost per lot | $40,000 |
| Development cost per lot | $100,000 |
| Sale price per lot | $300,000-$400,000 |
| Profit per lot | ~$160,000 |
| Potential total profit (500 lots) | $80M |
5. Buy Contaminated Land and Repurpose It
Inspired by a U.S. billionaire, I'm investigating if contaminated industrial land can be reused for truck parking. High risk, big upside, but worth exploring in the right council zone.
The concept: Buy contaminated industrial land at 90% discount, get council approval for truck parking (no buildings required), and turn unusable land into income-producing assets.
6. Add a Billboard and Create a $1M Uplift
I've done this for a client. Now I want to do it for myself. The goal: lease rooftop space for $50-60K/year and boost site value by $800K-$1M with zero capital outlay.
Billboard success criteria:
Why This Matters
These aren't "safe" plays - and that's the point.
The world is shifting fast. Property markets are changing. If you're not learning new strategies, you're falling behind. Whether you execute these yourself or not, they'll shift how you see opportunity.
"You've gotta have a ticket in the lottery. You've gotta have a crack with your life. Give yourself a chance to become successful."
If you want to stop playing small, give the episode a listen.
Frequently Asked Questions
What are some unconventional property investment strategies?
Andrew shares six creative strategies from his bucket list including solar farm leases on rural land, truck depots on contaminated sites, and industrial outdoor storage. These are strategies he's either pursuing or planning based on his experience in the Australian market.
Can you invest in contaminated land in Australia?
Andrew discusses buying contaminated land at steep discounts for uses like truck depots where the contamination doesn't affect the business use. He shares his approach to assessing these opportunities and the potential returns, based on deals he's looking at.
What property strategies does Andrew Wright recommend for 2026?
Andrew shares six strategies he's personally pursuing for 2026 and beyond, including solar farm leases, contaminated land plays, industrial outdoor storage, and high-yield commercial conversions. These reflect his personal views and experience, not general financial advice.
Full Transcript
My 2026 New Year's resolution is I've put together a bucket list of six outrageous property strategies that I'm gonna implement this year. I'm gonna keep myself accountable by making them public on my podcast.
Hi, I'm Andrew Wright, principal of Professional Southport, and this is the Andrew Wright Property Podcast. I've built a multimillion dollar property portfolio delivering a seven figure annual rental income, and led my real estate team through thousands of sale and lease transactions. In each episode, I share real deals and strategies that will help you find, fund and operate profitable property deals.
The aim of this show is to provide education and build a community of like-minded investors who can collaborate, share insights, and help each other in each other's journeys. You can make excuses or you can make money, but you can't do both. So come and join us.
Adam:: Hello and welcome back to the Andrew Wright Property Podcast. And look, we've got a very special episode for you today as we head into 2026. Andrew is gonna tell us about his six outrageous property plays, his bucket list of what he's putting out there of what he wants to achieve. So we'll go through all of that.
And firstly, I wanna say welcome back from Townsville. Andrew, you ducked up there for 24 hours yesterday. Can we start by what, what did you get up to up there?
Andrew:: Well, I had the, we did an episode on the truck parking depot investments and one of them up in Townsville. We had a tenant moving out 31 December.
So, I've just had three weeks overseas and I've come back now and I wanted to secure the Truck Depot because the big entrance and exit gates weren't secured. So I jumped on a plane, left home at 4:00 AM yesterday, went up there and hired a car for the day. I went to Bunnings, bought some chains and padlocks, and had to secure the premises.
At the same time, I thought that I might invite a security company there so I could get him to give me some advice on upgrading the facility. So, my intentions there are to change the manual gates to some electronic gates.
Adam:: Mm-hmm.
Andrew:: Put in some technology or an app where the trucks can phone in or type in a pin number to actually open the site with the electronic gates, right? Put in some security cameras, some security lighting, and I'm not sure exactly how much that'll cost. I wanted to get him there so he could meet me. And then, today or tomorrow, hopefully, I'll know what those costs are going to be. And the other thing I'm motivated about to do that is if I can't find a long term tenant there.
That will enable me to start getting some cashflow with some short-term parking.
Adam:: And that's what I was gonna say. That opens up your options there, doesn't it?
Andrew:: Yes. So anytime in between long-term tenants, you can just be using that technology to get short term cash flow coming in, but also obviously being a great thing for your long-term tenants to have and use. It's a value add for either tenant. So I, it's not like I'm just doing it for the short term because I'm sure a long-term five or 10 year tenant there would appreciate an electronic gate and the security cameras.
Adam:: But you bought that site unseen. So was it what you expected?
Andrew:: Yeah, I was absolutely thrilled when I was there. There's a couple of potholes. They just had a cyclone there on Sunday. So there was a couple of potholes there with a bit of water that'll need to get sort of fixed up. And a bit of grass around the outside of the truck parking depot, which might need to be sort of cleaned up. But when I sat there, I took my son up there and I actually walked the film. Man, this is so big. It's only 6,038 square meters, one and a half acres. But when you actually open the gate and actually walk, it feels like a big site.
Adam:: But you did something else while you were up there as well, which blew me away. Look, without spoiling the story, give me the backstory to what led to the other thing you did in Townsville yesterday.
Andrew:: Yeah. So I bought a couple of properties up there last year and I was really excited with the potential of Townsville industrial property. So what I did, it's not unique. I mean, I just copy other people, of course, and plenty of people have done this before, but I just went on the Google Maps and had a look at the area and I just identified exactly my top 10 commercial properties that I thought I'd love to own.
And I wrote them all a letter said, look, I've just, I'm an investor. I've just bought a couple of properties up here in Townsville. If you ever think of selling, let me know. And one of the 10 rang me.
Adam:: Wow.
Andrew:: So my son and I went and spent an hour with him, inspecting his property and having a chat. He's late in life, an elderly fella. And he and his wife are wanting to sell at some stage 'cause it's five acres of land and there's a fair bit of area and uptake in maintenance for someone at 80 years of age. I think he was 82 and he's thinking of selling and we had a great chat and he's got a three bedroom, two bathroom house. He's got a big 473 square meter industrial shed, and then another few acres of industrial land behind it, which would be perfect for truck parking.
Adam:: Well, your podcast series is already working on me because as soon as you start to say the house, the shed, I'm starting to think, alright, what's the highest and best use here?
Andrew:: Well, I'm gonna go this weekend and get out a spreadsheet and work out, well, how much rent can I get just for the house? How much could I get for that Shed. What's the rate? If I get 15 bucks a square meter for parking trucks on the land down the back, how much is available there? And how much rent can it generate?
I haven't done the numbers yet, but I mean, it's just so much fun just working it out.
Adam:: So look, after the chat, there's a chance you will get this, that's what you call off market, isn't it?
Andrew:: Yeah, that's right. Off market. Yeah. They haven't spoken to any real estate agent.
Adam:: And that's probably a nice thing for him being 80, not having to deal with all of that stuff and potentially not pay a commission to a real estate agent. You get a good deal and it could work for everyone.
Andrew:: Yeah. He might not want a hundred people walking through his house either.
Adam:: Now I love that. A few letters and you gotta put yourself out there.
Andrew:: I thought I haven't done direct mail, even as a real estate agent, a lot of agents put stuff in letter boxes and say, ring me. Maybe I'm a Slack agent sometimes, but I've never done that. I just thought the strike rate would be too low, but I thought I'd give this a go and I sent 10 letters and I got one response. I thought it'd be one in a thousand.
Adam:: How long ago did you send the letters?
Andrew:: Four months ago. He rang me about two months after.
Adam:: Alright, let's get down to it then. You've decided there's six property investment bucket list things that you would like to achieve. Now, can I ask, being that this is sort of new, is this something you wanna achieve this year or just bucket list?
Andrew:: No, it's bucket list started. I think Morgan Freeman and Jack Nicholson movie Bucket list. I just absolutely love that movie. And they talked about things they wanna do before they car it 'cause Jack Nicholson was really sick and I just thought it was an awesome movie and New Year's resolution. I think everyone thinks a little bit about it, but this year I'm getting a bit older and the philosophy inside me, I just wanted to set some new year resolutions about what I want to do for the rest of my life. So this is a bucket list, what I wanna do before I cal it.
And I wanna do a podcast on all six of these things before I cal it.
Adam:: I love it.
Andrew:: And I'm announcing them publicly here in a forum to make myself accountable.
Adam:: Now I want to point out before we get started, a mindset thing. So we've just talked about in the last podcast how I love truck parks. Truck parking, that's my favorite asset. I want to go and buy a hundred of the things. And all of a sudden now I'm gonna give you six property strategies that I want to do that have nothing to do with truck parking.
Adam:: Yeah. Well, that was something I was going to ask. You said that's where you're headed, that's gonna be your specialty. But you're now looking at a whole different range of things.
Andrew:: I am. So, there's always been a debate about whether you should be a specialist or a generalist. And most people think in business, a GP, a general practitioner doctor might earn a hundred, 120 grand a year, but a specialist surgeon probably makes $2 million a year. So it's a widely held belief that you need to be a specialist, an expert in something, they can do it really well over and over again, to be the most successful.
And in many cases, that is true. But 15 years ago I was a specialist in office investment. I owned, I bought two in 2005 and then I bought a property up the road in Durang Street, which had three offices upstairs. So I owned five offices and offices was my specialty. That was what I was comfortable with. I didn't understand retail properties or sheds or anything else.
Now, if I had stayed a specialist in office and I'd accumulated 20 or 30 offices over the last 20 years, I'd be broke now. Because the asset class has turned out to be a disaster the last five years, and I think being a generalist allows you to pivot, to recognize, well, maybe I shouldn't be a specialist in this at this time, and you've gotta be able to pivot and be open to learning new asset classes, new strategies.
And the other thing that is really great about that from an intellectual point of view is that it's stimulating to learn new things. There's nothing more boring than doing the same thing for 30 years every day and you're not learning anything.
Adam:: For sure. It makes me think, you know, this is all property investment, but you are diversifying your property investing.
Andrew:: Yes, absolutely. And skillset.
Adam:: So, you know, it's like when you think about share investing, you do want to diversify in case one goes up and down. By doing a lot of different things, you know, what if truck parking dies in the ass?
Andrew:: Well, as I said, if I was the best office investor in the world right now, I'd still be struggling. There's no point being a specialist in something that's not working.
Adam:: Right. Alright, let's get to the six then. Alright, so the build to lease unit development.
Andrew:: Okay. So, this will be the quickest one because I'm going to let the viewers know that we're gonna cover that in about 45 minutes in another podcast. So what I'm gonna do is tell you what it is. This is a site I bought two years ago.
And no excuses for any listeners If you say, I can't afford to buy in property. This site cost me $120,000. Now, at that point in time, when I bought it, I'd just signed a contract to buy those four sheds up in Harvey Bay for 1.6 million. Struggling to get the deposit back. I couldn't even buy this site for 120. I couldn't even afford it, but it looked like a good deal for me. So I approached my ex-wife and we went halves. So I got into the deal with $60,000.
And at this point in time, this is a very hairy fairy, but my projections are to make $1.5 million from that block of land. We're about to get approval to build 15 dwellings on that site. I'm not gonna sell them, I'm gonna keep them for my kids and rent them out. So $120,000. No excuses. And we'll cover that later on.
Adam:: Alright, so number two. This is really interesting. Rural property, turning it into a solar farm.
Andrew:: Yeah. So the next four strategies, numbers two to five on my bucket list, is I want to be involved either for myself or for a client in adding value to rural land.
So that first, number two, I mentioned I bought last podcast, 10 acres of industrial land in a joint venture with my two kids. I thought rather than spending a heap of money building it as a Truck Depot, I would exhaust all other possibilities. So I rang a solar panel company to see if they'd be interested in building solar panels on it.
My thought process was if they will sign a lease to do that, I don't have to build the truck parking depot and fit the fences up and the concrete and the sand and the cameras and everything. They would sign a 30 or 40 year lease, go and get the council approvals, build it all. I do nothing but get rent from you for the next 30 or 40 years and see a massive increase in the valuation of the land through the roof.
Now, unfortunately, after a couple of phone calls to some of these companies, they told me 10 acres is just way too small. They want 80 hectares, which is 106-50 acres, but absolute minimum is about a hundred acres.
Adam:: So at least you know that now.
Andrew:: Now I know it, but that's sort of triggered to me, well, how can I help someone else with a large hundred acre rural land benefit from this and maybe turn the land into its highest and best use? Rural land is the cheapest land in Australia. It's just worth nothing. Maybe in many areas it might be worth a million dollars for a hundred acres. And if you can get approval for a solar panel farm to go there and get a 30 or 40 year lease on it, it's just worth a fortune.
So guess what? Yesterday in Townsville, I went and met two neighbors who collectively own 650 acres of rural land. An agent who sold me one of those truck parking depots, he owns 350 acres of rural land, and his neighbor also is thinking of selling. Yesterday they appointed me to sell their 650 acres of land.
And Adam, it is right next to the Powerlink energy substation infrastructure grid where all of that solar power needs to go to.
Adam:: So you are now signed up as their agent to sell this?
Andrew:: Correct.
Adam:: Are you gonna look at buying it?
Andrew:: I can't finance it. And the, I asked my client there whether he would consider me taking out a three year option. So I'll give you $20 million, if you give me a three year option to buy the land. And then during that three years, go and get the council approvals and sign up a lease. And then I'll give you $20 million.
And my thought process was it might be worth 40, $50 million. The bank will lend me the whole 20. I wanted to put nothing into it. But the gentleman is, and his neighbor are elderly. They don't wanna wait three years. And I don't have $20 million cash lying around.
So unfortunately, this is why I mentioned before in the bucket list, if I can't do some of these strategies myself, I wanna at least have the intellectual stimulation of being involved in a transaction, which adds that amount of value. And if I make a little bit of commission as a real estate agent, well then that can be a fair reward for the input that I have in that type of transaction.
Adam:: Am I allowed to say, if there's anyone listening who would be interested in having a look at these blocks of land for the highest and best use?
Andrew:: Call me. And the qualities that the solar panel companies look for, for a site that is suitable. One, the most important one is it has to be close to the existing energy infrastructure grid. Secondly, it needs to be more than a hundred acres. Thirdly, it needs to be relatively flat land with a slope of less than sort of 5%. It can't be in a flood zone or it can't have overlays with special trees that you can't cut down or anything like that. And it needs to be somewhere where there's lots of sun. There needs to be radiation to make these solar panels work.
Adam:: Are you as the agent going to market it as a potential solar farm?
Andrew:: Yes. I've got two or three contacts I've already spoken to in relation that actually people that actually do this. So I'll be talking to them, instigating phone calls to them, but I'm also over the next week gonna put something together and put it online on real commercial and commercial real estate and advertise it as a potential solar panel. And the thing is, that particular council apparently is very open towards that. You've gotta actually have a council that supports it. And the owner's actually already spoken to that council and they are supportive of that renewable energy type of use for the site.
Adam:: Alright, let's move on. Strategy number three, rural land, turning it into a retirement village. A land leased community.
Andrew:: That's right. So there are a lot of these popping up in both cities and you're seeing them sort of more rural now as well. It's a big need in the community. There's a lot of people moving into their late sixties and seventies and because of the housing crisis and the affordability crisis, a lot of them are looking for more economical ways of funding their retirement.
Let me explain the business model of these retirement village operations. Most of them make money in four main ways. The first way they generate wealth for their own companies is they get a material change of use with the council to change it from rural zoning into some sort of residential zoning for retirement villages. They get a big uplift in the valuation of the land.
Number two, they then build houses for the retirees and they sell the houses at a markup like any builder to the retirees, they make a margin.
Thirdly, they never sell the land to them. They rent the land to the retirees. So the retirees buy the house as a lease sold property, and they pay rent for the rest of their lives to these retirement village operators. So the retirement village operators own the land, which will hopefully double in 10 years time. And it's being funded by the retirees who pay rent for the land. So that's the business model. It works. It's a phenomenal business model.
And I'm at 7:00 AM this morning. I spoke to one of those retirement village operators about that same site of 650 acres up in Townsville. That might be too large for him, but he is going to look into whether it's suitable for that operation as well.
Adam:: So hang on, I'm starting to sort of get a picture here.
Andrew:: My job as a real estate agent is get the best price for a seller. So I need to explore what is the highest and best use for that seller. I don't know, solar panels or retirement village. So there's two options right there.
Adam:: Alright, number four. Turning rural land into a residential subdivision.
Andrew:: This is more your classic property development. And that same site yesterday, could be that. So right across the road from those two sites, as I understand it, they just sold 78 blocks of land that were one acre in size and there's now houses on that. So right opposite the road, they've broken them down into one acre, rural residential lots. Right across the road and all of the utilities are already connected to this road. There's already electricity there, there is water there, there's sewage there. It's already connected.
So the numbers I've already calculated in my head on the plane last night. The owner is prepared to enter into a joint venture with a property developer instead of selling it. They're prepared to enter into a joint venture and they'll take $40,000 per acre block in three or four years time if another developer will come and get the council approvals, do all the work, build the site, sell them, and instead of the developer having to buy the site now, they can just pay the owners at the end, $40,000 for each lot they sell.
Now, the construction costs and getting the sites ready will be about a hundred thousand dollars for each block per site. Plus $40,000 to the current owners. An acre of land up there sells between 300 and 400 grand each. So there's 160 grand profit in each one.
Adam:: Just on the land before they even build?
Andrew:: Yeah. They'll just sell the land. And 500 blocks. If the 650 acres there, if we say we could get 500 one acre blocks times 160 grand profit, that's $80 million profit.
Adam:: And that's with nothing down.
Andrew:: Nothing down for the land, but it would cost 500 times a hundred. It would cost $50 million to get it ready. And after getting 150 in, you pay $20 million to the current owners and there's $80 million profit. They're the numbers.
Adam:: How far outta Townsville is it?
Andrew:: It's 15 to 20 minutes from the city.
Adam:: Any amenity shops or anything out that way?
Andrew:: Yeah, there is. It's not like a ghost town, but it's on the outskirts of town. It's rural, but across the road, they're one acre lots. So the urban sprawl has gradually pushed out and it's right across the road.
Adam:: So you'll have ticked off one of these if it goes one of those three ways.
Andrew:: Yes. Even though it's not for me. I mean, if I sell that site, for example, for the subdivisions, I may well get the job to sell 500 blocks of land. And I'll set up a little office there and employ someone on site to sell the land and not gonna make a big chunk of money from selling it to someone else now, but they might reward me by allowing me the job to sell the 500 blocks of land.
Adam:: Alright. Strategy number five. Contaminated land.
Andrew:: Yeah. Contaminated land to a truck depot.
Adam:: What's contaminated land?
Andrew:: Every time you buy an industrial block of land, there's a thing called a seller's disclosure statement in Queensland. There's a couple of questions on there that the seller needs to answer. Is this property on the Environmental management register, number one, and two, is it on the contaminated land register?
Now, I wanna disclose up front, I'm an absolute no at this. I have very little understanding of it, but if it's contaminated land, it generally means that someone has used that site and done the wrong thing with the land, either accidentally or on purpose.
It could be someone who's thrown a heap of asbestos through the land and tried to fill in some low lying areas and just dumped a whole heap of rubbish in there. There's a number of different reasons why it might be contaminated. And then you're not allowed, typically, to build on that sort of land until you make good the land. And that makes the land effectively very, very worthless because no one can actually do anything with it and build on it.
Now, this strategy may not work. I'm not confident with this, but what I have come to realize over listening to my podcast over three weeks of holidays overseas is that there is a billionaire in America who has become a specialist in simply going out and buying contaminated land sites at massively discounted prices because no one else wants it.
And finding councils who will allow truck parking them to be done, converted to truck parking because no one's living on the site. And if you whack a heap of gravel or concrete over the top of it, there's no real health risk there to the community. And even though you can't build on it, there are certain councils that have allowed him to turn them into truck parking depots.
So if you can buy an industrial block of land for 90% less than normal market value because no one else wants it, and you can turn it into something that the community benefits from using and will pay for, there's potentially some upside there. Now, I don't know if that will work in Australia, but I've decided that I'm gonna find out.
Adam:: You're gonna test it and see. Have you, how do you go and find contaminated land?
Andrew:: My understanding is that you cannot download a list of contaminated sites in Queensland that are on the Contaminated Land Register. You have to have a look at each site that comes up for sale individually. Have a look at the Seller's disclosure statement, or have your lawyer do a search of the Contaminated Land Register. It's only taken five minutes. Is this on that site? Yes or no? There may well be a list somewhere, but I haven't worked out whether it's possible to find a list of properties on the Contaminated Land Register, it may well be a privacy Act issue.
Adam:: That's gonna be an interesting one. A challenging one.
Andrew:: But guess what, in Townsville yesterday I went and inspected a 45 acre industrial block of land that is on the Contaminated Land Register. It was purchased for approximately $6.7 million many years ago. And they're trying to sell it now for 1.5 because it is contaminated.
So there's a scenario potentially, where...
Adam:: Would it suit truck parking?
Andrew:: Absolutely. It's already zoned industrial. So if the council there were to say, okay, we won't allow any development here, but if you're just gonna use it for truck parking...
Adam:: Is that an answer you can get from council before you go and purchase?
Andrew:: I dunno. As I said, this is a seed that was planted in my mind 10 days ago through a podcast. And I suspect the council definitely would not put it in writing straight away that, yes, we'll let you do this. Because if it was that easy, the current owner would've done it.
And my understanding is at the moment to even to get a soil tester to go out there and provide a comprehensive report on the current level of contamination, an investor needs to spend about $200,000 with a geotechnical soil analysis.
So even to get started there, you're gonna have to spend 200 grand getting a report to give to the council and say, oh look, this is not that bad contamination. It's only a little bit. We'll clear up a little bit here and then will you let us do a truck parking depot? So this is not easy. I'm not suggesting that any listeners are gonna get excited and race out and do this. It's just something that I wanna explore. It's an idea. And someone's done it in America.
Adam:: Alright. Number six. Now we've done a podcast on this particular strategy. You've done this one before for a client?
Andrew:: For a client, yeah.
Adam:: So you've done this for a client so you could technically count it. But you want to do it for yourself?
Andrew:: Yes. But I'm a bit more firm on this one. This one I wanna do for myself. And that is to add a billboard to an existing property and make a million dollars.
Before I die, I wanna buy a commercial property somewhere and get approval to build a digital billboard and rent it out for 50 or 60 grand a year and add a million dollars to the site.
Adam:: So if you haven't listened to that episode, we don't really need to delve into this too much. Go back and have a look at and listen to that because it is a cracking strategy. But just quickly run me through the criteria for what a property would need to have in order for it to be suitable for a billboard.
Andrew:: I think in nearly every council in this country, it would need to be zoned commercial land, not residential. But I'm not a hundred percent sure of that. But the ones I've investigated need to be commercial. It probably needs to draw a maximum amount of rent. It needs to be located in a busy central hub next to a set of street lights where cars stop and they have enough, what they call dwell time, to stop the car, look up at the digital billboard and read the advertising there.
You do see them out in the sticks on country roads, but you're not going to get a big rent there. You need 20,000 cars a day passing the site and stopping at the lights to actually where they have a dwell time and actually look at it. That's how you get the bigger rents for those digital billboards.
You notice the ones out of the country aren't digital, they're just old wooden things with painting slapped up. You might get five grand a year for a big one of them, but not 50 or 60 or a hundred grand a year.
Adam:: Now, that's you've got some pretty interesting and bold strategies there.
Andrew:: I'm getting old Adam. And you know, I was just thinking of philosophy and mindset. I was thinking when I was overseas about a mate of mine who had lunch with Kerry Packer or his son, James Packer. The billionaires. And I just remember asking him, what did you actually, what was the big takeaway of any philosophy you learned from the Packer family when you had lunch with them.
And he told me, he said, Andrew, you've gotta have a ticket in the lottery. And what that means is you've gotta have a crack with your life. You've gotta get involved with something and at least give yourself a chance to become successful. Do something different, have a crack, you're not gonna get anywhere doing nothing.
And that ties in with a really strong philosophy that I've always held with my property portfolio now. Don't expect to feel the heat until you throw some logs on the fire.
So if you've got one residential property investment and the market goes up, well done. But what if you've got 10 or 20, or 30 or 40 and the market goes up? Give yourself a chance. You've gotta have a ticket in the lottery.
Adam:: Love it. Absolutely love it. Now there's one last thing on the list here that isn't part of your six. But what do you wanna talk about when you say free rural land from timber rights?
Andrew:: Many, many years ago, I got very excited by reading a book. I can't remember the author or the name of the book about investing. And it talked about a company or investor in America who signed an option agreement to purchase a large rural block of land. And before the expiry date of that option, when he had to decide, yes, I'm gonna proceed, or No, I'm not gonna buy this land, he signed up a 10 or 15 year contract with a local timber mill for the rights for them to come and cut down all the trees, take them off the site and harvest them to make paper.
The money that he made from that timber mill who came and cut down the trees on that land, gave him a free block of land.
I'm looking right now, I have two sites that are currently for sale in Australia that already have contracts in place with timber mills to come down and log trees on the rural blocks of land. I'm investigating them right now. The numbers I don't think are as impressive as that example, but I'm exploring it and before I die, I wanna buy a rural block of land, find a timber mill who sees benefit in cutting down the trees for their operations that will pay off that land for my kids.
It's getting harder and harder because around the country, a lot of councils are under pressure due to the greeny sort of movement not to cut down certain trees. So there are various overlays in a lot of locations. It's a purple overlay when you have a look at the town planting maps where you are not allowed to cut down those trees unless you get council permission.
But there are still lots of areas where you are allowed to cut down the trees and I'm gonna source one before I die and have the timber will come and cut down the trees, which will make the land free and my kids will inherit that site.
Adam:: Fantastic.
Andrew:: It's a game. It's fun.
Adam:: And you do have a crack and you're gonna have a bit of both. But overall, if you've got a ticket in the lottery and you're learning from your mistakes, overall you should do very well.
Andrew:: And you know what, there's a lot more to life than just making money. And I mentioned before about the mental stimulation thing, the intellect side of things. Part of being happy is learning and progress. And I'm learning every day, all these new things, and this is the beauty about property, is there are so many ways to make money. Have a crack.
Adam:: I wanna finish with a couple of rapid fire 2026 commitments. Mindset wise. Millionaire by 30?
Andrew:: I want to share my psychology around a couple of times in my life where I've got angry or something's triggered me to say, I'm gonna show that person, I'm gonna do this. My auntie and uncle, one of my aunties and uncles are now deceased, but when I was 28, I was heavily into reading books and personal development, everything.
And I made the mistake of sharing my desire publicly, privately to them. I said, I'm gonna be a millionaire by age 30. And they both started laughing at the top of their voice at the Christmas party, at home with mom and dad. And my brothers. Said, Andrew, you'll never do that. And I just felt so bad 'cause it was in front of my parents and my other family members.
And I walked away from that Christmas thinking I'm gonna show them. And they were right. I didn't become a millionaire by age 30, but by 32 I did.
You don't have to hit every one of your goals. But you've gotta have a crack. You've gotta have a ticket in the lottery. And that really, they don't even know to this day how much that infuriated me when they said, you are not good enough to do that, Andrew. You'll never become a millionaire. And it took me two years longer than I thought, but I did it by age 32.
Adam:: That was a big driving force.
Andrew:: It was something in my life that made me angry.
Adam:: Six pack by 50.
Andrew:: Yeah. The next time, this is another thing that wasn't so brutal. No one tried to drag me down like my family there. But one of my really close mates, we were together, I can't remember what we were doing, but I was fat at that time, 85 kilos and my body fat was 23% at the time.
And we were doing exercise together and we were going for a run and I said, I'm gonna get a six pack. I'm sick of this fobbing around. He said, mate, you're too old to get a six pack. You'll never get a six pack. And again, that sort of someone doubting me thinking, well, why not? Why can't I do it?
And I set a goal. I said, well, you just wait and see. Within five years I'm gonna have a six pack. He was right too. I'm now 55. I now have a six pack. It's taken me 10 years. And in all honesty, it's the hardest thing I've ever done in my life at age 55.
To go from 23% body fat to eight or nine. It's taken me 10 years instead of two or three. It's the hardest thing I've ever done. And before we came here today, I googled on ChatGPT this morning. I said, how many millionaires are there in Australia? It came up with 2 million people in Australia are millionaires. And I said, how many people in Australia do you estimate have a six pack? It said between 200 and 300,000.
So it is six times harder to get a six pack as an adult than to become a millionaire.
Adam:: And don't break promises to yourself.
Andrew:: Yeah. The big thing about, you know, if you want to destroy your own confidence and happiness in your life, set a New Year's resolution like I've just gone through, and then a week later forget about it because if you lie to yourself and you break promises to yourself, there's nothing that will destroy your self-confidence more than that.
So if you say you're gonna go to the gym every morning at five 30, don't lie to yourself. You do it.
Adam:: Fantastic. Look, this has been one of my favorite episodes, and we're gonna follow all of these through, over the course of this.
Andrew:: Hold me accountable.
Adam:: I will. And I'm excited because I can see how passionate you are about this. I love talking to you about it. I'm gonna love seeing how and what, and the first thing is what's gonna happen with this spot in Townsville. So, thanks so much Andrew, and thanks everyone for joining us.
Look, if you are interested in having a look at this property in Townsville, please do send Andrew an email [email protected].
Thanks for listening to the Andrew Wright Property podcast. This is all about building a community of like-minded investors who can share real life stories, experiences, and collaborate with a view to helping each other.
Join us. Get in touch through the link in the show notes. I look forward to you joining me on the next episode.
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