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 Highlights
03:12 — 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
37:47 — The Vacancy Lessons Steve Learned the Hard Way
42:38 — The Commercial Buyers Agent Boom Has a Catch
49:28 — Should You Buy a Home Before Building a Portfolio?
About the Guest
Steve Palise is a commercial buyers agent and property investor who has spent almost two decades investing in property, beginning with a residential portfolio before shifting into commercial property. He spent six years working as a buyers agent with Rethink Investing before establishing his own business.
Steve now leads a commercial property acquisition team with six acquisition staff across the capital cities, alongside a due diligence team that includes an experienced commercial property manager and three qualified commercial valuers. His approach focuses heavily on tenant quality, vacancy rates, location, land component and the long-term fundamentals of commercial assets.
Having experienced the transition from residential investing to commercial property firsthand — and more recently changing his own view on home ownership — Steve brings a practical perspective on both the financial and personal decisions behind property investment.
Connect with Steve
Resources
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See you on the inside,
Veronica & Chris
