Should Investors Buy a Home or Keep Building the Portfolio?

For years, Steve Palise told people not to buy the home they live in. Then he bought a $6 million home on Sydney’s Northern Beaches himself. So what changed?

In this episode, Steve joins Veronica and Chris to explain the shift from a purely financial decision to one shaped by family, lifestyle, security and the freedom that comes with success.

The conversation then turns to the growing rush into commercial property. With investor interest surging, Steve explains why commercial property is fundamentally more complicated than residential, from lease reviews and tenant risk to vacancy studies, planning, land content and local market dynamics.

We unpack why a high yield doesn't necessarily mean a good investment, why scarcity and owner-occupier demand matter, and how different commercial assets can perform very differently depending on their location, use and tenant base.

Episode Highlights03:12 — Steve Palise Changed His Mind About Buying a Home

07:42 — The Opportunity Cost of Owning Your Home

12:43 — Why Investors Are Rushing Into Commercial Property

17:24 — Too Many Buyers, Not Enough Commercial Property

22:35 — The Commercial Property Mistakes Investors Miss

27:41 — Why Land and Scarcity Matter in Commercial Property

32:38 — What’s the Best Price Point for Commercial Property?

34:06 — When Commercial Property Risk Really Comes From