With Courtney’s dad being a tradie and Aaron being an electrician, they renovated the house to give it an entirely new look that would appeal to renters and tenants.
They decided to buy old homes in established areas which are likely to increase in value over time. They were turned off buying a house-and-land package “because there’s often no data or records to look at”.They are now looking to purchase their third home to rent out to tenants.“We were really focused on buying old homes close to the Melbourne CBD that had a proven track record of growth,” Courtney said.
“In 2012 and 2013, the property market was pretty flat so we were lucky with the house and rate we got, but in 2017 the market skyrocketed,” she said. But their perseverance paid off when they managed to buy their second three-bedroom home for $630,000 with a $60,000 deposit.Source:SuppliedCourtney suggests seeking professional advice from a mortgage consultant or broker and to make sure you’re not overstretching yourself financially.
'Didn't get a helping hand from parents' - but did in fact - by living at home while saving. So again. Fake news.
Bought first property as duel income earners in their early 20s in 2012, you say? Sure, I'll just head back down that black line to 2012 prices and find myself a life partner at 20 years old. Easy peesy.
Do they really own these houses out right or do they only have their names on the mortgage papers? There is a difference
An investment totally reliant on immigration. Why isn’t investment in Australian manufacturing made more inviting?
There should be a limit on the amount of properties these greedy people can buy.
I bought my first before that age. You have to lower your expectations for your first property.
Fuck these privateers, and fuck you for still printing these stories.
Reeducation through Labour coming very soon 👍
Great achievement but to say no help from their parents is a bit misleading, unless they were paying rent, utilities, groceries and other bills whilst enjoying the safety of staying at home.
Dudes an electrician......that’s code for too much money to know what to do with.
'Lock in 'intergenerational wealth' Eddie'
Smart young people. Great to see!
Says nothing about them paying the parents rent or helping with bills, so yes, your parents DID help you, buy giving you a roof over your head. People these days might do that, but most people i know moved out young and worked as soon as they could.
despite the fact that the properties will pay themselves off..im personally not comfy being 1.6mill in debt
Nobody gives a fuck hey
So they have debt? Get back to me when they have paid the debt off.