How to Get Into Property With No Money: Two Self-Made Developers’ Story

They lived at home until they got married. Before 40, they’d built more than $1 billion in assets. Karl Stefanovic sits down with self-made Sydney property developers Charbel Hazzouri and Anthony El-Hazouri, second-generation Australians whose fathers arrived from Lebanon with nothing. Karl visits the cousins at the new harbourside headquarters of Revelop, the property group they started in 2008 while still at uni. Charbel’s dad arrived at 18, rented a room from a woman with 30 cats and worked nights in a factory. Anthony’s dad sorted mail at Australia Post before finishing a PhD.From selling shower screens in the Trading Post and washing cars for $7 at nine years old, to marking out their first slab in Bronte (badly), the cousins explain how they built a property business from nothing: options, cash flow, doing more for free than for money, representing themselves in the Land and Environment Court, and buying shopping centres on gut feel, including a Big W they kept open with Liquorland vouchers.They finish on why they don’t think they’ve made it yet, what success looks like now, and their advice for a generation who have it even tougher.