Hi, I’m Adam Hindmarch, Managing Director & Principal Strategist at Prospa Property Advisory. Over the past few years, I’ve been lucky enough to combine one of my passions with a career – that passion being property investment.
Having come from very humble beginnings, home ownership has been important to me from a young age. I grew up in a Housing Trust (social housing) home in Adelaide, South Australia. In fact, most of my extended family lived in social housing.
When I was about 16 years old, the Housing Inspector came to do a visit. She suggested that I put my name down for a Housing Trust house straight away, because there was a long waiting list. I replied within seconds, saying, “There’s no way I’m living in Housing Trust. I’m going to buy my own home.”
I saved hard and went on to buy my first house while a lot of my friends were having a great time backpacking overseas. It wasn’t long after buying my first home that I started thinking about property investment – it was in my blood to get ahead.
When I started out as an investor, I made some drastic mistakes. My first investment property was an off-plan apartment that lost quite a lot of money. This, however, was an excellent learning experience, and drove me to not make this mistake again.
I then started to get some education on how to invest properly. Not long after starting my first development (a subdivision project) in 2005, I was diagnosed with chronic myeloid leukaemia (CML) – A very rare and slow progressing cancer, which was potentially fatal back in 2005.
Thankfully, a ground-breaking drug had recently been released which completely changed the outlook for everyone with CML. The good news was that there was now a very low chance of the disease becoming terminal. The bad news was that I would potentially be on medication for the rest of my life and have to put up with a raft of crappy side effects!
Ongoing treatment has meant that I have not always been able to work a full 40-hour week over the years, so I had to find a way to supplement my income – and lifestyle! I decided pretty quickly after being diagnosed that wanted to live life on my own terms and I didn’t want to be working for someone else.
Property was the one thing I had learned how to make money from, so I naturally gravitated towards this to create an income. Although I had a business (previously) as a mortgage broker, I was able to largely subsidise my income with property.
Stemming from this, I’ve learned to build wealth and fund a very comfortable lifestyle through property investment. I’m passionate about sharing my skills and experience to help others successfully invest in property.