I moved to Australia with my wife and $4,500. We now own more than 100 properties worth millions. This is how we did it

He added government needs to 'cut red tape' to solve crisis He said properties are rented and help housing supply A property investor who moved to Australia with just $4,500 to his name - and now owns more than 100 rentals - has given his tips on how to get into the market amid the national housing crisis. Director of Right property Group migrated to Australia from Fiji and turned $4,500 into a multi-million dollar property portfolio with more than 100 properties across the country Mr Kumar is often criticised for his extensive property portfolio, with many accusing him of contributing to Australia's housing crisis. Mr Kumar also fears the housing crisis would get worse if negative gearing was taken away from owners of investment properties. Mr Kumar said investors like himself were not to blame for the housing crisis, as his properties added to the supply of rentals It was reported in September that the Albanese government wanted to revisit existing negative gearing and capital gains discount policies. Mr Kumar said the solution to Australia's housing crisis was for the federal and state governments to 'cut the red tape' and make building granny flats cheaper for homeowners The solution to Australia's housing crisis Mr Kumar believes one way for the housing crisis to ease in Australia was for the federal and state governments, along with local councils, to cut red tape.