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Started saving for house when I was 16. Bought property when I was 18 in my first year of uni. AKA saved the two years prior?

Another side benefit here is that if they buy something they can add value to (renovate etc), they can use the equity gain from this to purchase their next purchase (IP or PPOR). Get them to have a chat with a savvy broker who can give them an idea of their lending capacity and a basic...

Shoddy investment type - student accom only. LVR restrictions will be the undoing for most of it.

Really not that much to it to be honest. I started saving for my first house when I was 16, worked nights while at uni. Paid deposit, acquired house. :) To be fair though, it's a *lot* more difficult to save for a deposit and service a loan for a FHBer in the eastern States with the large...

If he buys interstate and lives at home rent free he'd be able to do it. I bought my first property at 18, first year of uni.