Your Investment Property Interview with Greville Pabst

Greville Pabst was interviewed by Your Investment Property for its Rear View series, a career retrospective with the executive chairman of WBP Property Group.

The interview covers the lessons of more than thirty years as a valuer, property advisor, and licensed agent.

Greville shares the principle that has guided his own investment thinking, that land appreciates while buildings depreciate, and his preference for land to represent at least sixty per cent of a property's value. He also recalls advice given to him in the 1980s that has held ever since, that if something is too good to be true then it probably is.

Reflecting on his career, he discusses his decision to specialise in valuation rather than sales and how differently things might have gone had he taken the other path, along with his continued interest in development.

He credits his learning to observing a great many transactions rather than to any single mentor, while acknowledging Scott Keck and early mentors Rod Fitzroy, John Forsyth, Gerald Rawson and Chris Burgess.

The interview closes on life outside property, including his sons' swimming and tennis, the Western Bulldogs, guitar, and a collection of Australian contemporary and Indigenous art.

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