Sydney man who owns 200 properties won’t buy mum a home

A Sydney investor with a portfolio of over 200 properties has revealed he hasn’t bought his mother a house.

Nathan Birch, 32, claims a net worth of $55 million but his mother lives in his tiny childhood home in Mt Druitt, in Sydney’s western suburbs. 

When the pair were asked by Sunday Night why Mr Birch’s mother doesn’t have a new home she said: ‘Because mum doesn’t want one.’ 

Mr Birch owns a $200,000 Bentley with the number plate ‘CSHFLO’ 

When the pair were asked by Sunday Night why Mr Birch’s mother doesn’t have a new home she said: ‘Because mum doesn’t want one’

‘My little house is fine, that’s what I always say.’

Mr Birch explained he had planned to build his mother a ‘dream home’ where they both could live, but his mother said she was happy where she was.

Despite his massive portfolio Mr Birch said his 200 properties were not enough, and explained he plans to purchase more real estate on the Gold Coast.

‘The market here I think is only just scratching the surface,’ he said.

‘It’s like Australia’s Miami. Prices are still post-GFC prices, still very low.’

Mr Birch made his fortune buying houses at the lower end of the market and predicting that their worth will increase over the years.

In 2008 Mr Birch paid $140,000 for this white house and it is now worth $360,000

In Penrith in Western Sydney, NSW, the real estate developer paid $248,000 for this house and it’s now worth $550,000 

He uses the buy and hold method, where an investor buys stocks – in this case property – and holds on to them for a long time.

Mr Birch just gradually raises the rent in each property as they increase in value.

This method can be successful, but risky, especially if the markets experiences a downturn.

Mr Birch made his fortune buying houses at the lower end of the market