Melb family reveal what’s behind nation-spanning property portfolio

Amol Khuntale and wife Swapna, are investing for a more secure financial future and a better future for their kids Ayaan, 6, and Aira, 4. Picture: Tony Gough.

Melbourne investor Amol Khuntale started out investing in property by luck, buying a block of land in the city’s west only to watch it surge in value in a matter of months.

Mr Khuntale sold it at a profit before he’d even settled the property.

He tried it twice more, but both times wound up losing money.

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It wasn’t until he took a more studied approach and began looking at research through InvestorKit that he moved on to owning multiple properties — including one in Rockhampton, ranked the nation’s third best place to own an investment property today in new PropTrack research.

He’s now amassed a 10 property portfolio that he’s hoping will help him and wife Swapna, push for an early retirement so they can enjoy more time with their children Ayaan, 6, and Aira, 4.

Along with another home Townsville, he’s watched two Queensland investments surge by $250,000 since he started buying there in 2022.

But he also owns homes in Victoria and said while the state government wasn’t providing an ideal backdrop for investment — it was important to remember they wouldn’t always be in power.

Melbourne’s Khuntale family have an Australia-wide investment portfolio, and while they own profitmaking residences in Rockhampton, one of the nation’s best spot, they’re not turning their back on Melbourne, either. Picture: Tony Gough.

“It’s a long-term game for me,” Mr Khuntale said.

“And, in Victoria, I would consider buying next year. It’s really in a good space from a market cycle perspective.

“There is a rental crisis, to be honest, so we need more housing for tenants.”

While the mortgage broker said money getting cheaper as interest rates fell this year made it a sensible time to be considering an investment property, he noted it was also likely home values could soon rise, with an expansion of the federal government’s Home Guarantee scheme from October 1 to remove income thresholds and raise the purchase price cap to as high as $950,000 in Melbourne and Geelong.

“The (extended) first-home buyer scheme will put a lot of pressure on the market and likely push prices up,” he said.

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