Could you be sitting on a gold mine?
Nearly every Australian, at some point in their lives, has watched an antiques show or read something in the news about somebody finding an undiscovered Rembrandt in their attic. Usually, it's followed by a furious clear-out and severe inspection of every knick knack and curio that we've held onto – just in case it might be valuable.
More often than not, all it results in is a spring clean. But we might just be looking in the wrong places. The real value might be hidden in plain sight …
Cash in the attic
You don't need to rely on magically discovering a trove of gold in your house.
Let's take the example of one lucky French person, who found out that he got far more than he bargained for from an inherited house. It might sound like the start of a cliche horror movie, but the gasps involved in this tale are more of joyous surprise than terror. Hidden all throughout the home was a veritable trove of gold bars and coins – 100 kilos of it, in fact, valued at the equivalent of $5 million.
Alternatively, you could look at the BBC classic Antiques Roadshow, where a single item – the model of Antony Gormley's Angel of the North – was reportedly valued at about about $1.66 million. It was a hefty piece of bronze brought in by a local council, but could have just as easily been a garden centrepiece for a British homeowner.
Time to go digging?
At this point, you might be getting that itch to dig around in the attic for that stuff from Grandma's house you didn't know what to do with – but we'll save you the trouble. You probably aren't going to find famous statues or gold coins knocking about in your home. But that doesn't mean you don't already have something that could be worth millions. And it's right under your feet – the house itself.
If you've had a mortgage for a few years, consistently paying it off month after month and year after year, you've almost certainly got a tidy sum of equity locked away in your property. That's money simply sitting there, not being put to work to build your wealth. It's time to leverage it!
With the right advice and the right loan structure, you don't need to rely on magically discovering a trove of gold in your house. Interested in learning more? Come along to one of our seminars or get in touch with one of the Think Money property mentors today.