15/06/2025
🎉 Congratulations Vince! 🎉
At just 19 years old, you’ve done something incredible — you’re officially a first home buyer, building a beautiful 3 bedroom, 2 bathroom home with a double garage in Whitby, all for around the same weekly cost as renting. 🙌
With the support of your family going guarantor, you’ve set yourself up with a strategy that’s not just smart, but seriously forward-thinking. Instead of living in the home straight away, you’ve chosen to rent it out while living at home — a move that means your investment won’t cost you a cent once tenanted. In fact, you’ll likely receive a huge tax refund come June 30 once construction is complete. 💸
Let’s talk timing. Your land doesn’t title for another 6 months, and during that time, you’ll be watching your block grow in value — with no mortgage to pay just yet. That’s 6 months of market growth… for free.
Once it titles in December, the build will begin, and over the next 12 months, you’ll benefit from another year of capital growth while only making small repayments during construction. By the time the house is finished, you’ll be providing a much-needed rental home for an Aussie family — helping ease the housing crisis while your tenants help pay off your home loan. 💪🏽🏡
You’ve put a 10-year plan in place, and by 30, there’s a real chance that this first property could be completely paid off. That’s the kind of vision and discipline that puts you miles ahead.
This is what happens when families come together with a plan — helping the next generation get ahead now, before the dream of homeownership slips further out of reach.
Vince, you’ve done more at 19 than many do in a lifetime. Massive congrats from all of us — you’re not just building a home, you’re building a future. 🔑🚀