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How this couple earns $150,000 a year in passive income

How this couple earns $150,000 a year in passive income

Peter and Lesley Boyle invested in residential property to increase their wealth. Then they discovered something better.

Their commercial property investment gives Balgownie couple Peter and Lesley Boyle an income to enjoy their retirement. Louie Douvis

Like many Baby Boomers, Peter and Lesley Boyle had trodden the well-worn path of investing in residential property during their wealth accumulation years.

But after retiring they wanted to secure an income stream of at least $100,000 a year, so on the advice of their accountant they sold their two residential investment properties to go all in on buying a single commercial investment property through their trust – and they haven’t looked back.

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Michelle Bowes
Michelle BowesWealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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Original URL: https://www.afr.com/wealth/personal-finance/how-a-factory-funds-this-couple-s-retirement-to-the-tune-of-150-000-a-year-20250409-p5lqjc