How I Made It cover image

How I Made It

How school dropout Nigel Satterley built a $500 million property empire

Oct 22, 2023
Nigel Satterley, Australia's biggest private land developer worth over $500 million, talks about his journey from school dropout to success. He shares his budgeting strategy, success as a Levi's distributor, and managing risks in the property game. He also discusses building his property empire through strategic investments and the importance of perseverance in tough times.
29:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Building trust and nurturing relationships is crucial for business success.
  • Determination, resilience, and a relentless drive are essential in overcoming challenges and achieving success.

Deep dives

Nigel Sattley's Journey in Property Development

Nigel Sattley, a successful property developer, started his career by selling Levi's jeans before venturing into the property game. He established Statesman Homes and became the largest home builder, selling thousands of homes. Eventually, he sold Statesman Homes to Len Buckridge and used the proceeds to start Sattley Property Group. Despite challenges like rising interest rates and economic crunches, Sattley developed a reputation as the 'real estate doctor,' fixing up troubled projects. He expanded his business to Melbourne and Southeast Queensland, forming valuable relationships along the way. Sattley's focus has always been on fairness and nurturing good assets, rejecting the idea of listing his company unless necessary for capital raising.

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