Young property buyers are reaping the benefits of starting out early on the property ladder in Australia, according to the Herald Sun.
Buyers as young as 18 are opting to put their money into property ahead of other investment options, taking a long-term approach and seeing their investment increase in value over the years.
By holding on to property after buying at a young age, entrepreneurial property owners can weather the market’s low periods and act when prices rise again, says Ben Dempster of The Young Investors Club.
Young investor Tamara Treleaven paid $66,000 for a Queensland property at the age of 18. Now, at the age of 29, she has an investment property worth $289,000. Treleaven says that support from her parents helped to secure the deposit needed for the two-bedroom unit.
Following a spike in some markets a decade earlier, experts expect 2013 to be a good year for real estate in Perth.
Source: http://www.heraldsun.com.au/realestate/buying/savvy-young-property-buyers-putting-wealth-before-parties/story-fni0catd-1226656956848
