Rocking the Property Market
Retirement hasn’t stopped Billy Belton from pursuing his passion for property. Now in his 70s, the former guitarist in some of Auckland’s top rock bands (circa late 1950s to early 70s) bought his first house for $10,000 in Herne Bay at the age of just 20.
The Auckland musical luminary left the City of Sails in 2017 – his plan to retire on a lifestyle block in Taranaki. Selling all the commercial properties he had at the time, he was looking forward to the quiet life.
“I wanted to live quietly and only have one house.” But when bank interest rates dropped to historic lows everything changed, he purchased two rentals, which are now managed by a short-term stay rental company.
Back in his musical heyday, Belton was a rare breed of rock star: instead of partying his money away, he understood the power of investment. His 1964 house purchase in Herne Bay was followed by investments in Mt Eden and Ellerslie, which he renovated and sold, while chasing the rock star dream.