If you’re in your twenties and earning a modest wage, buying a property is challenging. But it’s not impossible, as LJBA director Lauren Jones proved.
In this 9Honey article, Lauren explains how she saved a deposit despite earning a $60,000 salary. The keys were:
- Practising delayed gratification
- Sticking to a budget
- Educating herself about money and property
- Accessing government housing assistance
- Embracing some risk (but not too much)
Lauren also explains how she used the equity from that owner-occupied purchase to start building a property investment portfolio.