Our Place In The Sun – Your Investment Property Magazine Features Ben The Director at Pumped On Property

Ben Everingham – Your Investment Property Feature Article

In May of 2014 I was lucky enough to have a feature article published on my property investment and development journey to date in Your Investment Property Magazine.

You can take a look at the full Your Investment Property Feature Article here!

Read more about Ben’s Property Portfolio here…

I would love to hear your thoughts on the summary of the article below!

Newly engaged Sunshine Coast couple, Ben Everingham and Lisa Pullos, prove you don’t have to be a high roller or business mogul to become a successful property developer.

The couple, both under 30, are well on the way to securing their financial future after using some renovation experience to graduate into property development. While the couple are currently still working, Ben as a marketing manager and Lisa as an interior designer, their goal is to use property development to establish a passive income of more than $100,000 per annum; what they consider financial freedom. This is how they are doing it.

Ben and Lisa’s investment timeline:

2005 – Ben and Lisa pool their resources to break into the market
The couple begin their investment property portfolio by pooling resources with a friend to buy a two-bedroom unit in the Sydney suburb of Miranda for $360,000. Together they spend six months completing a $15,000 renovation before leasing it to some friends at $400 per week – a rental yield of 5.44%. The property was sold in November last year for $428,000.

2011 – The couple decide to start building their portfolio
Their next investment is a five bedroom bedroom, two-bathroom home at San Remo on the NSW Central Coast, purchased for $213,000 in 2011. The couple again pool their resources with a friend and complete a quick $3,400 renovation including painting and new carpets, before renting it out at $400 per week – a rental yield of 9.4%. “For this one we used the Residex Top 100 Suburbs guide to decide on an area to invest,” Ben says. “We still have this property and are thinking of turning it into a dual occupancy in the future.”

2012 – They purchase their first principal place of residence
The couple purchase their first PPOR together, a three-bedroom home at Wurtulla on the Sunshine Coast for $320,000 in 2012. Again they complete a $20,000 renovation over six months and in 2013 sell the property for $390,000. “We did this renovation project ourselves using what we’d learnt on the others so we could get maximum profit when it was time to sell,” he explains.

2014 – Ben and Lisa decide developing is the way forward
With investment success already under their belts, the pair decide to focus their energy on increasing the profit margin of their investments by employing the experience of Lisa’s father – the owner of a successful Queensland building company. They sell their property at Wurtulla and use profits, in combination with the sale of their Miranda unit, for development capital. With the help of Lisa’s father they identify three land parcels and secure a team of advisors to help them with the development projects. “We decided that we only wanted positively geared assets, to start building dual occupancy properties, and to only do this going forward. So we sold the negatively geared assets and reinvested the money into something that would make an immediate gain and offer a rental yield of 8% or higher.”

You can take a look at the full Your Investment Property Feature Article here!

Development #1 Kallangur 
In Kallangur the couple are building a two-storey, dual occupancy development, which includes a three bedroom, two-bathroom unit spread out over both storeys – and a one bedroom, one-bathroom unit on the ground floor.

The total price for the project is $394,000 including land costs of $154,000 and construction costs of $240,000. Additional costs for the project total $20,950 including mortgage insurance, other insurances, council fees, bank fees, land tax, conveyancing, stamp duty and accounting. The couple expect an immediate capital gain of $60,000 upon completion and a combined rental income of $630 per week – a rental yield of 7.89%

Development #2 Birtinya Island
Located close to the new University Hospital at Birtinya Island, the couple’s new PPOR will be a four-bedroom, two-bathroom home with a purchase price of $431,000, including a land cost of $253,000 and construction cost of $178,000. The couple expect to achieve capital gains of about $90,000 upon completion and a potential rental yield of 5.98% should they ever decide to tenant the property.

Read more about Ben’s Property Portfolio here…

Ben Everingham


Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.

2 thoughts on “Our Place In The Sun – Your Investment Property Magazine Features Ben The Director at Pumped On Property

  1. Hey mate

    I saw you on onproperty in your interview with Ryan. I just want to congratulate you on your success. for a 21 year old looking to invest in the market next year you truly are an inspiration. I look forward to learning some tips and tricks to help with my investments.


    1. Thanks Jake,

      Congratulations on your early start! I only bought my first property when I was 24 so you are years ahead of the game. I love nothing more than seeing young people get into the market and start making some good money!

      Please touch base if you want to talk about anything or have any questions as you go through this process?

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