Success and More Interesting Stuff
Business:Investing
The company’s land rent model is spreading across Victoria at an ever-increasing rate. To date, more than 30 villages within driving distance of Melbourne have been built or are in the planning stage. In total, more than 5,700 homeowners have been accommodated with many more to come.
Lifestyle Communities started life modestly. At the helm was property veteran James Kelly ably assisted by his partners Bruce Carter and Dael Perlov. The company debuted on the ASX four years later, quietly backdooring into a listed cash box. Over the next 17 years, only the insiders and some unsuspecting investors have enjoyed the stunning 2,500% return. Today the company has a market value of $1.7 billion.
Today, Kelly, at 64 years old, is a prime candidate to be a Lifestyle Communities customer. I get the feeling though that he is still happy to keep the accelerator to the floor.
I first met James not long after the company listed on the ASX in 2006. He has always been an engaging, upbeat individual, defying the typecast property developer image. In this podcast, he takes investors through the journey, and shares what keeps him inspired after 21 years in the business.
Note: This episode was recorded on Wednesday 28 February 2024.
Timecodes:
0:00 - Intro
2:33 - From an idea in a cafe to a $1.8 billion company - coming up with the Lifestyle Communities concept
5:36 - The transformation of the retirement industry
7:17 - Early financing struggles and selling the concept
11:28 - The intrinsic desire to be part of a community
13:03 - James Kelly's upbringing, family life and first foray into property
16:03 - The lasting impact and legacy of property investment and development
17:14 - The key to successful property development
19:04 - Experiences that created the leader James Kelly is today
25:52 - The importance of pricing risk as a busy owner
29:22 - The Lifestyle Communities model and its first development
34:09 - Backdoor listing on the ASX
37:18 - Lifestyle's most recent capital raise and plans for the future
40:38 - The transformation of Lifestyle's share register
41:56 - The opportunity in Generation X
45:56 - Why leaders/managers should focus on being kind
47:46 - How to solve Australia's housing crisis
50:32 - Why James Kelly won't be retiring any time soon
How WiseTech's Richard White built a 26-bagger growth darling
Alex Vynokur bet his house on ETFs now his firm is challenging the global behemoths of index investing
Kerr Neilson: This opportunity will drive the next decade of growth
How Olev Rahn helped Bankers Trust survive the 1987 crash (and how he sees markets in 2024)
How ’The Speculator’s Diary’ got Ben Griffiths got hooked on small caps (and why he thinks we’re in a ’pause rally’)
Graham ‘Skroo’ Turner shares the highs and lows of Flight Centre and his 50 years in travel
The CEO who kicked the incumbents to the curb (and delivered investors a +4000% return in the process)
Stick to your knitting: Anton Tagliaferro’s secret to high conviction investing
Meet the man who turned Nick Scali into a 10-bagger
“It was horrific.” How Robert Kelly overcame adversity to build a $6 billion business
Trailer: “It was horrific.” How Robert Kelly overcame adversity to build a $6 billion business
Breaking big stories: Tony Boyd’s Chanticleer playbook
25 years and counting: How this “market animal” has consistently beaten the market
Meet Paul Xiradis: Chief Investment Officer and Head of Equities at one of Bridge Street’s most famous money managers
How Dawn Kanelleas perfected the science of small-cap investing
Meet Dawn Kanelleas: The small cap investor who thrives on competition
The boy from Adelaide who rescued Australia’s failing property sector
Meet: Andrew Pridham - real estate guru, serial entrepreneur, author and Chairman of the Sydney Swans
Maggie Beer’s recipe for turning passion (and paté) into profit
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast