Melbourne Units in 2026: Still Good Value Before the Market Moves?

Hung Choy, Principal of Strategic Brokers, is back on My Next Property with Steve Ash, and this time he's putting his money where his mouth is.

Starting with just $150,000 in a trust, Hung is building a property portfolio from scratch in real time, with a goal of generating $150K in net passive income with none of his own money left in it. Hung breaks down exactly how he bought his first property in Perth $200,000 below market value, how he's already refinanced and pulled equity within two months of settling, and the step-by-step snowball strategy he's using to get to five properties in 24 months — without injecting another dollar of personal income.

Follow along as one of Australia's sharpest mortgage brokers proves the formula live.

2:19 - Why the First Property Is Always the Hardest (And How Hung Cracked It)

3:08 - The Perth Deal: Bought $200K Below Market Value — Here's Why It Was Missed

7:04 - From 7.44% Interest to Low 6%: The Refinance Strategy That Changes Everything

11:40 - The Equity Strip Explained: How to Fund Deal #2 Without Spending a Cent

13:23 - Where Property #2 Is Going: Perth Again or Melbourne Units?

19:34 - When to Sell (And When Not To): The Strategy Most Investors Get Wrong

22:05 - The End Game: Pivoting Into Commercial Property With a 90% Lend

30:20 - Simple Beats Fancy Every Time: The Core Formula Hung Will Repeat

33:13 - How to Follow the Journey + How to Reach Hung's Team

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