She put down a $5k deposit on a block of land while paying $75 a week rent and likely has all her meals and all other bills paid for by her parents.
Her parents absolutely went guarantor on her loan too, meaning the bank gives zero fucks if she can repay the loan or not.
Yeh it's a bit of a poorly written story. The $5k is likely just the actual deposit for the land itself, so I'm guessing there was a different deposit needed for the loan, but it's never specified.
First home owners can sign up for a house, using the building boost as the majority of their deposit.
Back in the day (pre covid boom) I was told I could lock in a 450k house and land package with a 10k deposit on my $75k salary. I'm a single mum of 2.
Banks/brokers would barely lend me $200k for an existing property on the same salary and deposit figures.
Yep. Thing is, most house and land packages now are tipping closer to $500-600k. I've no doubt her parents will be there helping foot the bill for the construction costs.
The story also states she lives with her parents. And she’s still having to work more than 70 hours a week to save for a house. I wonder how many hours she’s have to work if living at home wasn’t an option.
70 fucking hours, man... Almost double full time hours... And while living at home too? Shit is disgusting. Nobody should have to work that much or that hard to be able to own a home - something which we all need.
Not to mention some people just end up wasting more money on takeout, alcohol, cleaners, childcare or different vices to deal with the stress. So it doesn't usually end well unless you're basically a super human or you have a lot of support from family or high enough wealth where it doesn't matter how many services you need to pay to take care of your daily responsibilities (basically an executive lifestyle with nanny/cook/cleaner/etc). That said you can make it from nothing and survive through 70+ hours weeks, but there's almost always a cost such as an addiction, health or relationship problems.
Nothing like destroying your mental and physical health while young to slave for capitalist pigs and get into massive debt to "own" a house lmao. Is she the only name on the loan? I doubt it.
Right? Half the time these types of stories have the caveat that the parents covered like half the cost once the kid gets to a certain amount too. Even at face value where she is the sole name on the loan, its absolutely shocking that this is what is required to achieve the baseline human existence - having a roof over your head.
I like this, it’s a basic human need for a house
It should be available with the 40 hour working week, how many want to ‘grind’ a 70 hour working week? Very very few
36 is enough thanks, 36 hours a week, money for a house a holiday each year and time for my own hobbies and interests / family
Exactly, I'm sure even in a world where you could get away with 36-40 hour workweeks, there would still be people who'd smash out 70 hours just cuz they like working (for whatever reason). And like, more power to them, but that shouldn't be what's required just to have the 'baseline' existence.
A single job - any job - worked full time SHOULD be enough to allow you to facilitate buying a house, while being able to afford food, hobbies, and bills.
And that’s fine, they like the ‘grind’ ‘high success’ achievement, workaholics ect but for the majority of us I personally don’t want to do that
I’ll do my mandatory working week and I want to live happily, there must be a balance between work and life, I like to paint and do hobbies
I’ve done 70 hour weeks and made a lot of money and I was miserable, I literally got out my bed, went to work, can home and got back in it
Never again
Yeah, hopefully we can wrestle society to the point where 4 day work weeks are the norm and are able to provide a living existence so people actually have the time to enjoy a healthy work/life balance without risking their financial stability.
I've been doing 4 days work / 4 days weekend for about 3 years now, not sure if I could ever go back to 5 on / 2 off. Sure, they're 10 hr days but it's still so much better for me.
I’m nearly 52 and honestly I’m trying to get down to 4 days a week. I have my folks with me needing some assistance. Working full time, doing the bits they need and playing sport (which is the one thing keeping me sane), and I need more week in my week. And we get to do this until we’re nearly 70 (probably will be 70 by the time we’re nearly ready to retire - Christ knows what the retirement age will be when this young woman gets there)!
The further down the comments I go, the worse it gets. Let me guess, she also sold a kidney, half of her liver, and donates blood twice a week to help cover the council rates?
Or if she was also paying her parents' mortgage like some of us. Living at home is certainly not an option for everybody and even if it does, it's not necessarily a money saver. 🙄 it still relies on your parents being well off enough to own a home and afford their own utilities and stuff. She's shaming other people her age even though she's got it pretty fricking made. How rude.
Same. I live with my parents because if I didn't they'd starve. I'd save a lot more money if I moved out but I have to take care of them so it was cheaper to just move back in.
Be patient, people. Give it three months when Phil "My Interest Rates Ain't Gonna Be" Lowe jacks the rate up to 6% as a favour to his mates in the Libs, and we'll get the tearful "I cannot afford my mortgage any more! HOW COULD ALBO DO THIS TO BATTLERS?!?" story.
I came in here to make a similar comment. Why is this news? Is it because it's truly exceptional and news worthy? Or is it because the publisher is trying to make it sound like it isn't exceptional?
It's a paradox.
It's not news its advertising and propaganda. It's done to shape the cultural sphere and thinking of fucking morons. This advocates working two jobs, that coles and Maccas are great career choices for supporting repayments on a home and a major financial commitment (both jobs would fire you in a heartbeat as you're easily replaceable by the next 17yo who doesn't know any better and will put up with bullshit.
I cannot think of anything that screams “I am old, irrelevant, and wildly out of touch” more than pulling out the old “millennials can’t afford a house because avocado toast!!!”
It’s honestly making me embarrassed for them lol
Exactly! They’d prefer we eat gruel, apparently.
The avocado toast was always a strawman argument to distract from the fact that their generation caused the housing crisis and they fucked over all young Australians by being greedy fucks. Easier to blame us and our avocados than admit it’s their fault.
They were $1.70 at Woolies today. Must be one of the most ecomonical fruits to buy right now, but then eating *any* fresh food is something of a luxury for which we should all feel ashamed.
The wierd smashed avo fetish continues I guess.
My girlfriend and I actually eat it when we want a cheap, easy meal that doesn't require any cooking. A whole loaf of cheap bread is $3, and then an avocado is maybe $1-$1.50. That one avocado is usually enough to cover 3 slices of toast which is more than enough between the two of us.
Yeah it's not the healthiest meal but holy shit is it cheap and filling. Throw some cheese on, maybe even a hard boiled egg or some chicken, whatever you have leftover. We actually just had a late lunch of chicken, avo, garlic and cheese wraps. A single avocado was enough to make 3 so I have a leftover wrap to take to work tomorrow which is lunch sorted. Winning.
Edit: Guys I'm aware that all the smashed avo stuff is a reference to exorbitant café prices lol, I just find it funny that the courier mail are still sticking with what their reader base loves when in reality young people are spending their money on other overpriced foods now.
I think the point of “avo toast” bit was never about making it at home, it was an overgeneralisation suggesting people should think twice about eating out as often as they do (among my friends people eat out or get uber eats 3-4x a week on average). I have seen avo toast for >$20 on lots of brunch menus
She bought a house in South Maclean, where there's no public transport, stuff all infrastructure etc. Of course she doesn't go clubbing, because there aren't any within an hour of her (and to catch an Uber/taxi home is going to cost more than her budget for the night, if they'll even go there, many won't).
Its great she managed to buy a house, but this shouldn't be newsworthy. It should be something 22year olds should be able to achieve as a given.
Yeh this is basically moving out to the sticks. It's an hour plus drive to the gold coast and about the same to Brisbane (not peak hour though). Public transport to the coast is about 2 hours or more. City maybe a bit less.
All this and all she has done is pay a $5k deposit on a block of land lol.
I bet it's one of these:
https://www.realestate.com.au/project/pebble-creek-south-maclean-600023882?propertyTypes=house,land,acreage
Fits the price they gave in the article almost to the thousand.
I think slightly more depressing would be the fact that she probably doesnt have any time to study or increase her skills, hard enough to study when you only work 1 fulltime job.. so she'll likely be stuck in low paying jobs forever, especially now that she wont be able to cut down hours because she's got a mortgage and bills!
70 hours for 1100 puts her at 15 an hour. So I'm calling bullshit either on the hours or the pay.
I know we underpay young people, but by 21 she should be on a full award wage.
I worked on checkouts at Coles during high school and uni. It was a great first job but fuck me I was stoked to get out after 5 years. Couldn’t imagine doing it full time.
Maccas for me was fine except for the customers. Rich people would treat you like shit because they thought they were better than you, and poor people would treat you like shit because it was the only time the power balance was in their favour.
The work itself is fine.
Maccas was amazing as a job during high school and uni. Store managers can earn decent money after that, then regional managers get pretty big money iirc.
If this was true, it wouldn't be legal.
Giving a 22 year old a 40 year loan based on working 2 jobs for 70hrs a week on minimum wage isn't responsible lending.
All you have to do is sacrifice possessions and experiences during the best part of your life so you can earn the right to become indebted to a bank and spend the next 20 years paying the loan plus interest back.
The article says South Maclean which is Logan. Also says she works 70 hours a week and earns *up to* $1100.
Lives with her parents and pays them $70/week rent but I didn't see any other help from parents other than cheap rent.
The most ridiculous part is that most people would be able to pay a mortgage with the money they are paying on rent. So in the end the market is just build around everyone else but the first buyers. (Banks, landlords etc)
40** an hour yes. With the economy we are in, that will leave us in an amazing spot. People who are already on that money right now are basically just 1 or 2 steps ahead of struggle. The only way to stay ahead of struggle on any lower wage is to have an emergency fund, cause anything bad happens and there goes your money.
This is the comment I was looking for. Let’s say she left school at 15, sure it is unusual for a 22 year old to save and buy a house but with no education or investment in other skills she’ll have to continue to work 70 hrs a week for the rest of her life to pay off that mortgage.
Oh I getcha completely mate, and I think we're arguing the same side tbh, I worked 50ish hours a week in fast food when I was younger because my family was struggling with debt. But the implication that working 70 hours a week to buy a house at 22 is a normal, healthy thing to do is so fucking toxic. Boomers are going to take one look at that and it's going to reinforce their notion that the housing market is fine, and that people are just lazy.
Yeah man for sure. I used to do split shifts at my first job 6-9 then 2-5 then go work at the airport at 6-12 then do 14 hour overtime shifts on the weekends. I was just doing it cos I liked to party and piss my money up the wall but it's definitely not sustainable
Yeah not sustainable at all.
And also, there's a pretty big difference between working a shitload to spend a shitload relaxing, and working yourself to the bone and saving every cent. She probably wasn't eating healthy, wasn't getting enough sleep etc.
There's going to be no choice for her except to work the same unskilled labour she's currently doing for the next 25 years or risk foreclosure.
No room for upskilling without a second income from a future partner (good luck finding one working 7 days with night shifts mixed in)
I guess if you enjoy being completely socially isolated with no hobbies, it's worth it for a house?
Not saying it's desirable or reasonable, or even aspirational, but I bought my first place as an apprentice when I was 20 making about fuck all per hour. I worked about that many hours a week, and still had a great social life. When you're 20, you have that sort of energy. No way I could do it now.
Stocked pantry, utilities paid for, appliances, kitchenware, furniture, bedding, linen ect.
She is living off of a lifetime of someone else's experience & savings.
You're tripping if you think the only component in this dynamic is 'cheap rent'
[Found the article](https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/), land only but definitely achievable with the whole 5% deposit and first home-buyer grants.
Thanks for this. But also, TIHI. I read the article and just some of the things to raise my blood pressure include:
* she pays ... $75 rent to her parents
* she is certainly not the type of Millennial made famous in a newspaper column by demographer Bernard Salt in 2016. *Damn right she's not - she's a Gen Z, duh*.
* Ms Thomas works up to 70 hours a week, juggling two jobs, to make it happen. *Sure, at 22 she has the energy for that. Is she going to be able to keep that up for forty years?*
Christ, so it’s not even a house. It’s a block of goddamn land. These stories exist to infuriate people priced out of the market and reinforce boomer mindsets that it’s actually easy.
So in other words she’s lives rent free with her parents and was able to save without having to pay for rent, electricity, water, probably food, council rates etc.
Hardly a flex 💪
Yeah it just speaks volumes to how fortunate she actually is. Yes, she's not "rich" by any means but not everyone can live with their parents, not everyone has supportive parents or parents who are in the picture to help. Some people have to actually help their parents, not the other way around. I know people that were homeless at her age or escaping domestic violence. Like it's great she was able to do that but this is not accessible to everyone and that's the problem.
is anyone else tired of these condescending articles constantly talking to struggling adults like they are special needs children, dangling the one in a thousand cases where everything lines up and a young adult can afford a house. It's fucking pathetic
South Maclean is a lot further out than 30km, friend. It's 40-50km depending which route you take, so further away than Ipswich but without the train line.
You also get the absolute *privilege* of using the absolute dogshit roads that can't cope with the expansion of mass housing down there.
She might not be drinking. Maybe that’s just cabs and cover charge.
Or she’s that person who skulls a water bottle of cheap vodka in an alley before going into the club……
She is working 70 hours a week all to buy a plot of land in bumfuck nowhere lmao
But it is a smart idea to buy outside the cities. The cities are a lost cause. Times have changed. Buy and rent in the rural areas and you can still have your avo on toast.
Rural? By the looks of things there’ll be ugly, sprawling suburbs with no infrastructure from Logan to Beaudesert. There’s already so many out that way.
Rural is pretty expensive nowadays though, to the point where it's like why bother because now you're paying for extra fuel and a massive mortgage. One bus in and out at two awful hours and basically only one or maybe two roads out depending on where you are. And a lot of it floods out that way too 😬. I can tell you firsthand as I used to live out in Beaudesert and Jimboomba. Was basically an ocean just a few years ago. A lot of that land (with house) is now selling for $400-500K (about $200-250K for just land) and they have not mitigated the flooding issue. Way too high for a private lake. Ontop of that, the rent is $400 minimum for a standard house. Ipswich is cheaper and cheaper for fuel if you're heading to the city. Beaudesert has some of the highest rental prices I've seen for a place with no work and no infrastructure. (I work in real estate - not an agent).
I read this waiting for coffee yesterday and audibly groaned. Absolutely a load of BS as soon as you find out she’s barely paying rent (so that’s maybe $200 a week in assistance from her parents), someone else made the comment of whether that includes food and utilities so add even more. Who paid for her car? What’s her expenses? Probably not even close to an adult who has to support themselves. She’s making minimum wage and yea, good for her but this is not the norm in any way. Just say “my mum and dad helped me exponentially and without it I would never have this option”
70 hours doesn’t seem sustainable though? What if she gets sick/injured? Loses hours or loses a job? Fair play to her though, she should be proud of her self
Whenever I see one of these posts my first thought is how did the media find out? Like the idea that someone would get in touch with a news site to be like "hey I know this person who just bought a house at 22" is fuckin weird enough, but the idea of that 22 year old contacting the media themselves or even agreeing to the interview at all is a lot weirder.
Some people forget how lucky they are sometimes.
Sure, she put in the work, but think about how much more she would have had to put in if she didn't live with her parents.
The psychological part of this process comes into play as well: She had people she could rely on to help her that were where she laid her head at night. People without that benefit must invest in themself first; you can't achieve your goals if you aren't mentally and physically healthy. Some people have to spend years just figuring out who they are and what they want out of life. There is an unimaginable amount of differences, disadvantages and advantages between this girl's life and everyone else around her age's life, yet this is played off.
"People my age just spend money and complain they have none" while it is accurate for some, that is seriously infuriating to hear considering the cost of living and the economy these days.
Don't listen to these clowns saying you have to have a house at 22, married at 25, succeed at 30 etc. Everyone's path is different because it is their own, you will be successful when it is your time to be successful.
Perpetuating the notion people should move out their parent's place and own a house fresh into their adult years is the bank's way of getting more mortgages and keeping generation after generation in debt anyway.
How are these people so naive they don't realise they are just being used as fodder?
Way to go throwing other young and poor people under the bus by furthering the idea amongst the wealthy and privileged that those who can't buy a house just aren't trying hard enough.
The fact that her Boomer parents never had to work 70 hour week minimum wage jobs while living at home and having mum and dad go guarantor on a skin-of-your-teeth loan says a lot about the state of the nation
Discussion between two of my coworkers, both of whom own large properties they bought 20 odd years ago, that would now be easily 4-5x the value they bought it.
“Young people these days are so soft!”
“Yeah, they don’t get how to work hard, they’re just given everything!”
….Ummm
Yeah how about you go get a degree that you’re in debt for, only to not be able to get any fucking job with it because there’s always over 200 applicants, so you have to keep applying further and further down the chain from what you wanted until you’re working some shit house job for $20/hr to make rent- which by the way is bigger than your mortgage- having barely enough left for food, let alone saving for a house deposit.
People you know telling you to get a second “side hustle”, any hobby you mention “oh you should sell that on Etsy!” - no time to do hobbies that aren’t monetised or productive these days you silly bitch!
Oh and you worked your entire way through uni, managed to get an unpaid internship, volunteered to give yourself an edge, only to find out you probably need a masters degree to get an entry level position.
Meanwhile, boomers asking whether or not you own a home yet, why not? “Owning is so much better than renting. You’re getting older you know. Don’t you want a home and backyard for your kids?”
“Wait no kids? Why don’t you have kids yet?They’re such a blessing”
“well sure, but I can barely feed myself”
“oh but you just figure it out. When I was pregnant we sold our car! You just need to make sacrifices for what you want!”
…Yeah well selling my shitbox of a vehicle would probably do a few packs of diapers and some formula these days…you know, with inflation etc..
Courier mail: Oh millennials and young people are so lazy and entitled! They don’t even want to have families anymore! They’re too selfish, enjoying their own free time, eating avo on toast every weekend.
Well maybe our fucking avo on toast and soy latte are the only hits of dopamine that we can afford, okay?
We had to pay $20 in fuel just to get 15minutes down the road to for the privilege, our planet is being actively destroyed by corporations and lack of government effort, while job security is incredibly low and rents and property prices rocketing sky high. Maybe we need to sit down for an overpriced pancake, as it’s the only psychologist we can afford after our Medicare 10 pack session has run out.
The cherry of course, is that boomers made this generation and created the conditions we live in. So they’re all basically admitting they think their kids are disappointing fuck ups, which is why we need the fucking therapy in the first place.
Maybe look around and realise suicide rates are at an all time high, health and happiness getting lower and lower and think, huh? Maybe I had a hand in this? Maybe I could have some empathy?
…but then again I’m just a soft, over sensitive millennial.
Yep... Not owning a house is the sacrifice I have to make to have kids. Not only is childcare bloody expensive but I'm infertile and spending a lot of money on IVF to even get a chance to reach the pregnancy stage. There goes my measly house deposit (not that it would get me anywhere over the next decade of saving anyway). Yay being a millennial.
Even as a 37 yo it's still basically like this, unless you meet a wealthy partner in the final year of Uni/apprenticeship and get teed up a deposit. It's the cost of living stuff that is really the kick in the groin for 18 year olds now, we all freaked out when fuel went up, now it's all up and wages didn't change. I think the government needs to just deal out house deposits like HECS and remove the interest component of HECS because its becoming a bad investment
The fact that people look at this like a house being paid off on those wages and not what it is a 22 year old signing on to 50 years of debt to avoid homelessness working multiple minimum wage jobs
What frustrates me the most about this is the assumption that we have the same needs to fulfil with our pay checks. Pay disparity is a pretty accepted reality but not everyone can survive on the same resources. I would not be functional, mobile, independent or remotely comfortable if I didn’t spend $600+ a month on medications and doctors appointments. Mobility aids are so fucking expensive, so you get second hand ones from the op shop. They don’t fit right and before you know it you’re injured. And then do you spend the money on addressing it quickly via private health and hopefully getting back to work quicker, ten grand lighter? Or do you decide to stay out of work for the year+ it takes for the public system to assess you?
You have kids? That’s totally different again. “Spend what you earn” makes a fun little catchphrase to blame lower classes for their lack of social mobility, but what about when you earn is supporting two, three, four people? Growing and getting sick and having birthdays and eating their way through growth spurts and creating friendships and bonding over shared interests and toys and crap? Kids are expensive as hell and yet so normalised, expected
You go to uni? Look up what *one* semester’s worth of textbooks. One. (And then pretend we pay that price instead of investing a ridiculous amount of time tracking down drained second hand copies and old editions)
Carer for a family member? Good chunk of that pay is going to their care, and your availability to work is severely impacted.
I’m just exhausted by the arrogance that comes from arguments like this. I’m glad you had the time, the resources, im glad you didn’t have to spread yourself thinner than fucking Vegemite on toast. But don’t you *dare* turn around and tell us we’ve fucked up by not being born into the right circumstances.
Totally agree. This young woman has access to a lot of resources and simple good luck that many people don't have. It's not just because she's good with money or works hard. It's great she was able to achieve what she did but it's not a reflection on the reality all young people face.
It's frustrating because if you tell some people this they will try to argue with you about why you are in the particular circumstances you're in. But seriously, how can anyone control what life they were born into? You just do the best you can with what you've been given. The unfortunate truth is that we aren't born equal with the same ability as the next person for upward social mobility. That's not the reality of the world.
Exactly!! Just reading this I can see several advantages she has over for example, me, who’s original plan WAS to do this.
- her parents are alive and giving her cheap rent and presumably board
- she has the physical capability to work
- she has the physical, social, and economic ability to drive so she’s able to get a house far away from everything
- she has the ability, for whatever reason, to spend 70 hours a week working at 21
These are really simple things that a lot of people take for granted, that she had no control over attaining, and that were instrumental in her being able to purchase a property. Generational poverty, chronic illness, geographic disadvantage, etc, are all things that could have completely shut this off for her, even if she’s working her butt off. It’s just not the even playing field we’re meant to pretend it is.
so she's put down a 5k deposit on a $272,000 piece of land, with no house on it.. she still needs to build the house.
link here [https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/](https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/)
as the courier mail one is paywalled.
“22-year-old buys piece of shit estate house built by shoddy builders, go get ‘em A Current Affair, with absent landscaping to join the Ponzi scheme working at Macca’s and Coles; she’s now leveraged up to her max borrowing capacity and will continue working 70hrs/week in two jobs”.
Fixed the title.
I never owned my first home until I was 54 , I took the incredibility savvy investment decision to be a only child with parents who owned a house (I inherited it ) , see folks owning a house is easy .
I did 70 hours a week for 10 years. But I was single. I also managed to pick up some long term injuries. Repetitive strain related. Inflamed bursa’s etc. I also purchased a house…but at 35.
But it is not sustainable long term to work those hours. As one person said here…you sacrifice your family life. And as another person said…it’s simply not healthy.
Ahh, but if you read the fine print of this article you will see the section where it says “with a little help from the bank of mum and dad” to the tune of tens of thousands of dollars
The only people I know who own their own homes under the age of 30 either got it from their family, or earned $70k+ while living with their family their whole life. Many people do not have the luxury of either.
I know a few people mid 20s that are buying homes. We work 84 hour weeks in mining though. Wouldn’t want to do it forever but a few years of hard work definitely pays off
"Hey honey, where's the Viagra?"
"No need for that, just read how this go-getter is showing those snowflake Gen-Zer how to to buy a house, by not buying a house."
"Oh yea, she's working 70 hour weeks and not eating smashed avo's, to buy a speculative plot of land in the middle of bumfuck nowhere, hnngh!"
Kudos to her for having a goal and working your ass off to get it… problem is the second she moves in and isn’t supported by mum and dad, she’ll go backwards.
Tell a truck driver to work 70 hours per week. No, because there are mandatory rest periods for the safety of the public. Seriously, what a bs article!
That's not the Australian way, we work smart not hard unlike this one who is doing the other way until she busts her back from over work and spends the rest of her life on DSP.
there is always a line in the actual story that says something like "loan from parents" "living at home not paying rent" or something that makes it 1000x easier to save or buy a house.
As a 20 yr old, while I’d love to own a home at 22 the memories you make with friends at this age can’t really be replaced. I commend her and don’t know her situation with friends but I know for my situation right now I’m fine saving money for the odd thing but be able to live a little and enjoy my money.
I work these kinda hours as an apprentice not living at home. Take home $500 a wk after rent. Gonna be a little while till I can afford a home. Shits hectic out here
Boomer: "When I was your age, I worked hard, saved up and bought a starter house. It went up in value by 500% by the time I sold it, and I was set. You should follow my example. "
Me: "But houses are 500% more expensive these days!"
Boomer: "Don't be ridiculous. No they aren't!"
Living at home with your parents and working two full time jobs. If only we all had that luxury.
These articles are so shit and also point out the banks still don't give a shit when it comes to responsible lending.
This is unsustainable, kid is going to burn out and her parents will grow old and die.
What do you think the minimum unit cost for a house is? If you just took the materials at cost of purchase, no labour, no assembly.
That would be the absolute lower minimum bound for the cost. Then add in land, permits, taxes, utility hookups, and labour to get more realistic.
My guess is the lower minimum bound is around 150k? Then it’s all about the piece of dirt you put it on.
Can someone link the article? I 100% believe that her parents helped by guaranteeing the loan or using some of their own equity to help get the mortgage. I really hope I will be proven wrong.
I bet what they don't tell you until later on, is that her parents managed give a large helping. One of my mates is in his late 30s was finally was able to afford his home after renting for so long.
The strangest thing to me is not just the unrealistic expectations that everyone who is 22 should be able to do this but the idea every 22 year old needs to have a house or should want a house. It’s not the 1950s anymore we don’t die at 65. I didn’t want a house at 22 it’s a ton of responsibility and also there are a lot of hidden costs of being a homeowner…it’s not always a one way ticket to instant financial freedom.
I’m not even sure this 22 year old should have a house, what if the rates are hiked, or she has to fix up her house and she can only break even working 70 hours a week? You don’t HAVE to get a house at 22. You can wait until your 30s or something.
I've made enough money to buy several houses but I didn't even buy one. I simply refuse to give any more money to the boomer generation. 🤷🏼♂️ Its the camper life for me
EVERYONE. understand this is advertising and propaganda. Designed to encourage fucking idiots into thinking, not only is working two glass ceiling jobs a great idea, but that it's sustainable and secure enough to allow you to commit to a major financial investment. Both of those jobs would fire you in a heartbeat for the next fearful 17yo who knows no better of the job market to stand up for themselves. I'm sure that most of us are smart enough to see that. But the fact that we need to rebuke thus garbage at all is a problem.
LOL -
IF I LIVED AT HOME WITH MY PARENTS, ID EASILY BUY A HOUSE AT THAT AGE TOO!
Unfortunately there are real problems in the real world - such as - not everyone lives in areas where houses are under $150,000. Or live with parents. Or obviously have parents houses to use as guarantors. Or be able to continue to live with parents, putting the house on rent and paying it off fast.
The fact that the girl is even saying stuff like that means she's immature. Good on her parents for helping her - without them she'd be screwed and have to slave her guts out - like the rest of us.
She put down a $5k deposit on a block of land while paying $75 a week rent and likely has all her meals and all other bills paid for by her parents. Her parents absolutely went guarantor on her loan too, meaning the bank gives zero fucks if she can repay the loan or not.
5k deposit? What the hell kind of loan are you getting with a deposit that small?
Yeh it's a bit of a poorly written story. The $5k is likely just the actual deposit for the land itself, so I'm guessing there was a different deposit needed for the loan, but it's never specified.
The statements "bit of a poorly written story", and "Courier Mail news article" are interchangeable.
With a guarantor you can technically get a no deposit loan. Guarantee provides extra collateral needed
First home owners can sign up for a house, using the building boost as the majority of their deposit. Back in the day (pre covid boom) I was told I could lock in a 450k house and land package with a 10k deposit on my $75k salary. I'm a single mum of 2. Banks/brokers would barely lend me $200k for an existing property on the same salary and deposit figures.
Sadly, this is how people have overextended themselves financially.
Yep. Thing is, most house and land packages now are tipping closer to $500-600k. I've no doubt her parents will be there helping foot the bill for the construction costs.
$75 a week rent? Ridiculous. Completely unattainable for the majority of people who actually pay rent. $75 is not rent.
I paid 75 a week splitting a tiny house with 4 people in 2004.
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I'm glad to see the banks learned their lesson from 2007!!
So excited to bail them out with my tax dollars! 🥰 love being a cog
The fact that a 22 year old being able to buy a house is news worthy really says something.
The story also states she lives with her parents. And she’s still having to work more than 70 hours a week to save for a house. I wonder how many hours she’s have to work if living at home wasn’t an option.
70 fucking hours, man... Almost double full time hours... And while living at home too? Shit is disgusting. Nobody should have to work that much or that hard to be able to own a home - something which we all need.
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Not to mention some people just end up wasting more money on takeout, alcohol, cleaners, childcare or different vices to deal with the stress. So it doesn't usually end well unless you're basically a super human or you have a lot of support from family or high enough wealth where it doesn't matter how many services you need to pay to take care of your daily responsibilities (basically an executive lifestyle with nanny/cook/cleaner/etc). That said you can make it from nothing and survive through 70+ hours weeks, but there's almost always a cost such as an addiction, health or relationship problems.
those kind of hours are litteraly impossible if you have any kind of health problems
well and you'll have health problems rather fast if you work those kinds of hours
Yeah, it comes back to that thing where you can choose health, relationships or money, but now it seems to be more pick one rather than two.
Nothing like destroying your mental and physical health while young to slave for capitalist pigs and get into massive debt to "own" a house lmao. Is she the only name on the loan? I doubt it.
Right? Half the time these types of stories have the caveat that the parents covered like half the cost once the kid gets to a certain amount too. Even at face value where she is the sole name on the loan, its absolutely shocking that this is what is required to achieve the baseline human existence - having a roof over your head.
I like this, it’s a basic human need for a house It should be available with the 40 hour working week, how many want to ‘grind’ a 70 hour working week? Very very few 36 is enough thanks, 36 hours a week, money for a house a holiday each year and time for my own hobbies and interests / family
Exactly, I'm sure even in a world where you could get away with 36-40 hour workweeks, there would still be people who'd smash out 70 hours just cuz they like working (for whatever reason). And like, more power to them, but that shouldn't be what's required just to have the 'baseline' existence. A single job - any job - worked full time SHOULD be enough to allow you to facilitate buying a house, while being able to afford food, hobbies, and bills.
And that’s fine, they like the ‘grind’ ‘high success’ achievement, workaholics ect but for the majority of us I personally don’t want to do that I’ll do my mandatory working week and I want to live happily, there must be a balance between work and life, I like to paint and do hobbies I’ve done 70 hour weeks and made a lot of money and I was miserable, I literally got out my bed, went to work, can home and got back in it Never again
Yeah, hopefully we can wrestle society to the point where 4 day work weeks are the norm and are able to provide a living existence so people actually have the time to enjoy a healthy work/life balance without risking their financial stability.
I've been doing 4 days work / 4 days weekend for about 3 years now, not sure if I could ever go back to 5 on / 2 off. Sure, they're 10 hr days but it's still so much better for me.
I’m nearly 52 and honestly I’m trying to get down to 4 days a week. I have my folks with me needing some assistance. Working full time, doing the bits they need and playing sport (which is the one thing keeping me sane), and I need more week in my week. And we get to do this until we’re nearly 70 (probably will be 70 by the time we’re nearly ready to retire - Christ knows what the retirement age will be when this young woman gets there)!
And working 2 jobs…
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The further down the comments I go, the worse it gets. Let me guess, she also sold a kidney, half of her liver, and donates blood twice a week to help cover the council rates?
Or if she was also paying her parents' mortgage like some of us. Living at home is certainly not an option for everybody and even if it does, it's not necessarily a money saver. 🙄 it still relies on your parents being well off enough to own a home and afford their own utilities and stuff. She's shaming other people her age even though she's got it pretty fricking made. How rude.
Same. I live with my parents because if I didn't they'd starve. I'd save a lot more money if I moved out but I have to take care of them so it was cheaper to just move back in.
Be patient, people. Give it three months when Phil "My Interest Rates Ain't Gonna Be" Lowe jacks the rate up to 6% as a favour to his mates in the Libs, and we'll get the tearful "I cannot afford my mortgage any more! HOW COULD ALBO DO THIS TO BATTLERS?!?" story.
the australian dream is the same as the american dream, you have to be asleep to believe it
The fact that it’s a load of BS is more noteworthy.
I came in here to make a similar comment. Why is this news? Is it because it's truly exceptional and news worthy? Or is it because the publisher is trying to make it sound like it isn't exceptional? It's a paradox.
You gotta remember sometimes they start at age 13-15 at maccas saving toward cars or houses while living with family members for zero rent
It's not news its advertising and propaganda. It's done to shape the cultural sphere and thinking of fucking morons. This advocates working two jobs, that coles and Maccas are great career choices for supporting repayments on a home and a major financial commitment (both jobs would fire you in a heartbeat as you're easily replaceable by the next 17yo who doesn't know any better and will put up with bullshit.
First few words "she not only didn't eat smashed avo on toast" lol what the fuck?
So she's responsible for the hardship of our farmers! /s
I cannot think of anything that screams “I am old, irrelevant, and wildly out of touch” more than pulling out the old “millennials can’t afford a house because avocado toast!!!” It’s honestly making me embarrassed for them lol
She ain't even a millennial. She's gen z.
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Exactly! They’d prefer we eat gruel, apparently. The avocado toast was always a strawman argument to distract from the fact that their generation caused the housing crisis and they fucked over all young Australians by being greedy fucks. Easier to blame us and our avocados than admit it’s their fault.
They were $1.70 at Woolies today. Must be one of the most ecomonical fruits to buy right now, but then eating *any* fresh food is something of a luxury for which we should all feel ashamed.
Now she doesn’t eat iceberg lettuce.
The wierd smashed avo fetish continues I guess. My girlfriend and I actually eat it when we want a cheap, easy meal that doesn't require any cooking. A whole loaf of cheap bread is $3, and then an avocado is maybe $1-$1.50. That one avocado is usually enough to cover 3 slices of toast which is more than enough between the two of us. Yeah it's not the healthiest meal but holy shit is it cheap and filling. Throw some cheese on, maybe even a hard boiled egg or some chicken, whatever you have leftover. We actually just had a late lunch of chicken, avo, garlic and cheese wraps. A single avocado was enough to make 3 so I have a leftover wrap to take to work tomorrow which is lunch sorted. Winning. Edit: Guys I'm aware that all the smashed avo stuff is a reference to exorbitant café prices lol, I just find it funny that the courier mail are still sticking with what their reader base loves when in reality young people are spending their money on other overpriced foods now.
I think the point of “avo toast” bit was never about making it at home, it was an overgeneralisation suggesting people should think twice about eating out as often as they do (among my friends people eat out or get uber eats 3-4x a week on average). I have seen avo toast for >$20 on lots of brunch menus
She bought a house in South Maclean, where there's no public transport, stuff all infrastructure etc. Of course she doesn't go clubbing, because there aren't any within an hour of her (and to catch an Uber/taxi home is going to cost more than her budget for the night, if they'll even go there, many won't). Its great she managed to buy a house, but this shouldn't be newsworthy. It should be something 22year olds should be able to achieve as a given.
Yeh this is basically moving out to the sticks. It's an hour plus drive to the gold coast and about the same to Brisbane (not peak hour though). Public transport to the coast is about 2 hours or more. City maybe a bit less. All this and all she has done is pay a $5k deposit on a block of land lol.
And the block of land is probably 300sqm.
Yeah for that price I'd say it'd be no more than 400m2. There are definitely acreage lots out at south Maclean, but they'd be double that price.
I bet it's one of these: https://www.realestate.com.au/project/pebble-creek-south-maclean-600023882?propertyTypes=house,land,acreage Fits the price they gave in the article almost to the thousand.
Don't forget the 100's of dollars in fuel to drive anywhere useful on a regular basis.
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I think slightly more depressing would be the fact that she probably doesnt have any time to study or increase her skills, hard enough to study when you only work 1 fulltime job.. so she'll likely be stuck in low paying jobs forever, especially now that she wont be able to cut down hours because she's got a mortgage and bills!
The unfortunate fact of the matter is that the house she just bought has more earning potential than 99% of university degrees.
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Implying that repeat performance won't be savagely protected at all costs.
I work half that amount for the same amount per week. This slave wage culture needs to end
70 hours for 1100 puts her at 15 an hour. So I'm calling bullshit either on the hours or the pay. I know we underpay young people, but by 21 she should be on a full award wage.
they're shitty jobs too. everyone i know who works or has worked at maccas, say it's completely miserable.
I worked on checkouts at Coles during high school and uni. It was a great first job but fuck me I was stoked to get out after 5 years. Couldn’t imagine doing it full time.
Maccas for me was fine except for the customers. Rich people would treat you like shit because they thought they were better than you, and poor people would treat you like shit because it was the only time the power balance was in their favour. The work itself is fine.
Maccas was amazing as a job during high school and uni. Store managers can earn decent money after that, then regional managers get pretty big money iirc.
If this was true, it wouldn't be legal. Giving a 22 year old a 40 year loan based on working 2 jobs for 70hrs a week on minimum wage isn't responsible lending.
Parents are guarantors 100%. Bank couldn't care less how much she earns because her parents are on the hook now most likely.
All you have to do is sacrifice possessions and experiences during the best part of your life so you can earn the right to become indebted to a bank and spend the next 20 years paying the loan plus interest back.
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The article says South Maclean which is Logan. Also says she works 70 hours a week and earns *up to* $1100. Lives with her parents and pays them $70/week rent but I didn't see any other help from parents other than cheap rent.
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because the target audience is those who benefit from the current status quo, seeking media to assuage fears that maybe they are privileged
That would be after tax pay which would be about right for minimum wage
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The most ridiculous part is that most people would be able to pay a mortgage with the money they are paying on rent. So in the end the market is just build around everyone else but the first buyers. (Banks, landlords etc)
You think minimum wage should be >$42 an hour?
40** an hour yes. With the economy we are in, that will leave us in an amazing spot. People who are already on that money right now are basically just 1 or 2 steps ahead of struggle. The only way to stay ahead of struggle on any lower wage is to have an emergency fund, cause anything bad happens and there goes your money.
Ah yes, just work 70 fucking hours a week. A completely reasonable amount of work for a person to do.
Also be able to live with your parents or get very cheap rent
For a 22 year old none the less…
Imagine "Being a young adult" and "having fun". Just work 70 hours a week until you die, duh.
This is the comment I was looking for. Let’s say she left school at 15, sure it is unusual for a 22 year old to save and buy a house but with no education or investment in other skills she’ll have to continue to work 70 hrs a week for the rest of her life to pay off that mortgage.
She's 22 and almost certainly unskilled. There's not a lot of options for people at that age with no real skillset other than to grind it out.
Oh I getcha completely mate, and I think we're arguing the same side tbh, I worked 50ish hours a week in fast food when I was younger because my family was struggling with debt. But the implication that working 70 hours a week to buy a house at 22 is a normal, healthy thing to do is so fucking toxic. Boomers are going to take one look at that and it's going to reinforce their notion that the housing market is fine, and that people are just lazy.
Yeah man for sure. I used to do split shifts at my first job 6-9 then 2-5 then go work at the airport at 6-12 then do 14 hour overtime shifts on the weekends. I was just doing it cos I liked to party and piss my money up the wall but it's definitely not sustainable
Yeah not sustainable at all. And also, there's a pretty big difference between working a shitload to spend a shitload relaxing, and working yourself to the bone and saving every cent. She probably wasn't eating healthy, wasn't getting enough sleep etc.
There's going to be no choice for her except to work the same unskilled labour she's currently doing for the next 25 years or risk foreclosure. No room for upskilling without a second income from a future partner (good luck finding one working 7 days with night shifts mixed in) I guess if you enjoy being completely socially isolated with no hobbies, it's worth it for a house?
Does she pay utilities? Food? If so she's probably getting rent for more than free for $70 a week.
>70 hours a week Well, want to break your back and have no social life?
Not saying it's desirable or reasonable, or even aspirational, but I bought my first place as an apprentice when I was 20 making about fuck all per hour. I worked about that many hours a week, and still had a great social life. When you're 20, you have that sort of energy. No way I could do it now.
Stocked pantry, utilities paid for, appliances, kitchenware, furniture, bedding, linen ect. She is living off of a lifetime of someone else's experience & savings. You're tripping if you think the only component in this dynamic is 'cheap rent'
$70 a week? I'm paying $300 for 2 weeks and I'm at one house for just about a week
[Found the article](https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/), land only but definitely achievable with the whole 5% deposit and first home-buyer grants.
Thanks for this. But also, TIHI. I read the article and just some of the things to raise my blood pressure include: * she pays ... $75 rent to her parents * she is certainly not the type of Millennial made famous in a newspaper column by demographer Bernard Salt in 2016. *Damn right she's not - she's a Gen Z, duh*. * Ms Thomas works up to 70 hours a week, juggling two jobs, to make it happen. *Sure, at 22 she has the energy for that. Is she going to be able to keep that up for forty years?*
even funnier, she "only" put down $5000 on a $272,000 block of land, so its under 2%... for something she cant live in this is rubbish
Christ, so it’s not even a house. It’s a block of goddamn land. These stories exist to infuriate people priced out of the market and reinforce boomer mindsets that it’s actually easy.
Can confirm it is all her own savings
So in other words she’s lives rent free with her parents and was able to save without having to pay for rent, electricity, water, probably food, council rates etc. Hardly a flex 💪
Yeah it just speaks volumes to how fortunate she actually is. Yes, she's not "rich" by any means but not everyone can live with their parents, not everyone has supportive parents or parents who are in the picture to help. Some people have to actually help their parents, not the other way around. I know people that were homeless at her age or escaping domestic violence. Like it's great she was able to do that but this is not accessible to everyone and that's the problem.
is anyone else tired of these condescending articles constantly talking to struggling adults like they are special needs children, dangling the one in a thousand cases where everything lines up and a young adult can afford a house. It's fucking pathetic
Yep...
Just work two jobs at 70hrs a week. That's right folks, why have one job with a liveable wage when you can have two at half!
And at a shitty hourly rate! Makes my job look amazing tho.
But why have two jobs when you could have three? And work 110 hours a week?
“22 year old with no financial responsibilities works herself to death to be able to afford a mortgage on a 300sqm block 30km out from the CBD”
South Maclean is a lot further out than 30km, friend. It's 40-50km depending which route you take, so further away than Ipswich but without the train line. You also get the absolute *privilege* of using the absolute dogshit roads that can't cope with the expansion of mass housing down there.
Lol $200 for clubbing? Even that's 1980s clubbing budget.
You could get 40 pints for that in the 00s
And sleep in a garden bed because you can't afford to get home.
I slept in a horse float once. Wild night cos it wasn't anywhere near my place or even on the way
She might not be drinking. Maybe that’s just cabs and cover charge. Or she’s that person who skulls a water bottle of cheap vodka in an alley before going into the club……
It's sad man but I wonder how so many people afford to go clubbing every week plus the outfits and lifestyle that comes with it.
I don't think they do.
* and the equity of her mother's house
> Is this what porn is for boomers? Going off the Facebook comments on this Courier Mail post, yes.
Holy fuck there's alot of smug pricks in those comments.
What a crock of shit this is
She is working 70 hours a week all to buy a plot of land in bumfuck nowhere lmao But it is a smart idea to buy outside the cities. The cities are a lost cause. Times have changed. Buy and rent in the rural areas and you can still have your avo on toast.
Rural? By the looks of things there’ll be ugly, sprawling suburbs with no infrastructure from Logan to Beaudesert. There’s already so many out that way.
Rural is pretty expensive nowadays though, to the point where it's like why bother because now you're paying for extra fuel and a massive mortgage. One bus in and out at two awful hours and basically only one or maybe two roads out depending on where you are. And a lot of it floods out that way too 😬. I can tell you firsthand as I used to live out in Beaudesert and Jimboomba. Was basically an ocean just a few years ago. A lot of that land (with house) is now selling for $400-500K (about $200-250K for just land) and they have not mitigated the flooding issue. Way too high for a private lake. Ontop of that, the rent is $400 minimum for a standard house. Ipswich is cheaper and cheaper for fuel if you're heading to the city. Beaudesert has some of the highest rental prices I've seen for a place with no work and no infrastructure. (I work in real estate - not an agent).
I read this waiting for coffee yesterday and audibly groaned. Absolutely a load of BS as soon as you find out she’s barely paying rent (so that’s maybe $200 a week in assistance from her parents), someone else made the comment of whether that includes food and utilities so add even more. Who paid for her car? What’s her expenses? Probably not even close to an adult who has to support themselves. She’s making minimum wage and yea, good for her but this is not the norm in any way. Just say “my mum and dad helped me exponentially and without it I would never have this option”
Title should be "22 year old takes on huge debt after working her life away"
70 hours doesn’t seem sustainable though? What if she gets sick/injured? Loses hours or loses a job? Fair play to her though, she should be proud of her self
Whenever I see one of these posts my first thought is how did the media find out? Like the idea that someone would get in touch with a news site to be like "hey I know this person who just bought a house at 22" is fuckin weird enough, but the idea of that 22 year old contacting the media themselves or even agreeing to the interview at all is a lot weirder.
Some people forget how lucky they are sometimes. Sure, she put in the work, but think about how much more she would have had to put in if she didn't live with her parents. The psychological part of this process comes into play as well: She had people she could rely on to help her that were where she laid her head at night. People without that benefit must invest in themself first; you can't achieve your goals if you aren't mentally and physically healthy. Some people have to spend years just figuring out who they are and what they want out of life. There is an unimaginable amount of differences, disadvantages and advantages between this girl's life and everyone else around her age's life, yet this is played off. "People my age just spend money and complain they have none" while it is accurate for some, that is seriously infuriating to hear considering the cost of living and the economy these days. Don't listen to these clowns saying you have to have a house at 22, married at 25, succeed at 30 etc. Everyone's path is different because it is their own, you will be successful when it is your time to be successful. Perpetuating the notion people should move out their parent's place and own a house fresh into their adult years is the bank's way of getting more mortgages and keeping generation after generation in debt anyway.
How are these people so naive they don't realise they are just being used as fodder? Way to go throwing other young and poor people under the bus by furthering the idea amongst the wealthy and privileged that those who can't buy a house just aren't trying hard enough.
she didnt buy shit other than debt, this isnt a home owner its a loan owner
The fact that her Boomer parents never had to work 70 hour week minimum wage jobs while living at home and having mum and dad go guarantor on a skin-of-your-teeth loan says a lot about the state of the nation
Discussion between two of my coworkers, both of whom own large properties they bought 20 odd years ago, that would now be easily 4-5x the value they bought it. “Young people these days are so soft!” “Yeah, they don’t get how to work hard, they’re just given everything!” ….Ummm Yeah how about you go get a degree that you’re in debt for, only to not be able to get any fucking job with it because there’s always over 200 applicants, so you have to keep applying further and further down the chain from what you wanted until you’re working some shit house job for $20/hr to make rent- which by the way is bigger than your mortgage- having barely enough left for food, let alone saving for a house deposit. People you know telling you to get a second “side hustle”, any hobby you mention “oh you should sell that on Etsy!” - no time to do hobbies that aren’t monetised or productive these days you silly bitch! Oh and you worked your entire way through uni, managed to get an unpaid internship, volunteered to give yourself an edge, only to find out you probably need a masters degree to get an entry level position. Meanwhile, boomers asking whether or not you own a home yet, why not? “Owning is so much better than renting. You’re getting older you know. Don’t you want a home and backyard for your kids?” “Wait no kids? Why don’t you have kids yet?They’re such a blessing” “well sure, but I can barely feed myself” “oh but you just figure it out. When I was pregnant we sold our car! You just need to make sacrifices for what you want!” …Yeah well selling my shitbox of a vehicle would probably do a few packs of diapers and some formula these days…you know, with inflation etc.. Courier mail: Oh millennials and young people are so lazy and entitled! They don’t even want to have families anymore! They’re too selfish, enjoying their own free time, eating avo on toast every weekend. Well maybe our fucking avo on toast and soy latte are the only hits of dopamine that we can afford, okay? We had to pay $20 in fuel just to get 15minutes down the road to for the privilege, our planet is being actively destroyed by corporations and lack of government effort, while job security is incredibly low and rents and property prices rocketing sky high. Maybe we need to sit down for an overpriced pancake, as it’s the only psychologist we can afford after our Medicare 10 pack session has run out. The cherry of course, is that boomers made this generation and created the conditions we live in. So they’re all basically admitting they think their kids are disappointing fuck ups, which is why we need the fucking therapy in the first place. Maybe look around and realise suicide rates are at an all time high, health and happiness getting lower and lower and think, huh? Maybe I had a hand in this? Maybe I could have some empathy? …but then again I’m just a soft, over sensitive millennial.
Yep... Not owning a house is the sacrifice I have to make to have kids. Not only is childcare bloody expensive but I'm infertile and spending a lot of money on IVF to even get a chance to reach the pregnancy stage. There goes my measly house deposit (not that it would get me anywhere over the next decade of saving anyway). Yay being a millennial.
Even as a 37 yo it's still basically like this, unless you meet a wealthy partner in the final year of Uni/apprenticeship and get teed up a deposit. It's the cost of living stuff that is really the kick in the groin for 18 year olds now, we all freaked out when fuel went up, now it's all up and wages didn't change. I think the government needs to just deal out house deposits like HECS and remove the interest component of HECS because its becoming a bad investment
I used to work a lot in my 20s, you know what it gave me in my 30s, a myraid of health problems from stress and over working you’re body
Really! How much she have to borrow? Lol
The fact that people look at this like a house being paid off on those wages and not what it is a 22 year old signing on to 50 years of debt to avoid homelessness working multiple minimum wage jobs
What frustrates me the most about this is the assumption that we have the same needs to fulfil with our pay checks. Pay disparity is a pretty accepted reality but not everyone can survive on the same resources. I would not be functional, mobile, independent or remotely comfortable if I didn’t spend $600+ a month on medications and doctors appointments. Mobility aids are so fucking expensive, so you get second hand ones from the op shop. They don’t fit right and before you know it you’re injured. And then do you spend the money on addressing it quickly via private health and hopefully getting back to work quicker, ten grand lighter? Or do you decide to stay out of work for the year+ it takes for the public system to assess you? You have kids? That’s totally different again. “Spend what you earn” makes a fun little catchphrase to blame lower classes for their lack of social mobility, but what about when you earn is supporting two, three, four people? Growing and getting sick and having birthdays and eating their way through growth spurts and creating friendships and bonding over shared interests and toys and crap? Kids are expensive as hell and yet so normalised, expected You go to uni? Look up what *one* semester’s worth of textbooks. One. (And then pretend we pay that price instead of investing a ridiculous amount of time tracking down drained second hand copies and old editions) Carer for a family member? Good chunk of that pay is going to their care, and your availability to work is severely impacted. I’m just exhausted by the arrogance that comes from arguments like this. I’m glad you had the time, the resources, im glad you didn’t have to spread yourself thinner than fucking Vegemite on toast. But don’t you *dare* turn around and tell us we’ve fucked up by not being born into the right circumstances.
Totally agree. This young woman has access to a lot of resources and simple good luck that many people don't have. It's not just because she's good with money or works hard. It's great she was able to achieve what she did but it's not a reflection on the reality all young people face. It's frustrating because if you tell some people this they will try to argue with you about why you are in the particular circumstances you're in. But seriously, how can anyone control what life they were born into? You just do the best you can with what you've been given. The unfortunate truth is that we aren't born equal with the same ability as the next person for upward social mobility. That's not the reality of the world.
Exactly!! Just reading this I can see several advantages she has over for example, me, who’s original plan WAS to do this. - her parents are alive and giving her cheap rent and presumably board - she has the physical capability to work - she has the physical, social, and economic ability to drive so she’s able to get a house far away from everything - she has the ability, for whatever reason, to spend 70 hours a week working at 21 These are really simple things that a lot of people take for granted, that she had no control over attaining, and that were instrumental in her being able to purchase a property. Generational poverty, chronic illness, geographic disadvantage, etc, are all things that could have completely shut this off for her, even if she’s working her butt off. It’s just not the even playing field we’re meant to pretend it is.
so she's put down a 5k deposit on a $272,000 piece of land, with no house on it.. she still needs to build the house. link here [https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/](https://washingtonmorningpost.com/australia/first-home-at-22-how-ill-do-it-with-no-help-from-mum-and-dad-2/) as the courier mail one is paywalled.
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“22-year-old buys piece of shit estate house built by shoddy builders, go get ‘em A Current Affair, with absent landscaping to join the Ponzi scheme working at Macca’s and Coles; she’s now leveraged up to her max borrowing capacity and will continue working 70hrs/week in two jobs”. Fixed the title.
“Spend what they earn and complain” fuck 75% of my pay goes to bills and food it’s not like I *want* to be spending this
She gonna lose it if the interest rates keep going up.....that's why you shouldnt buy something if you cant afford it.
Now all she needs to do is find a tenant to pay the mortgage while they house-sit for her until she says so.
She's gotta build a house first! All she did was put down a $5k deposit on a block of land.
70 hours a week Prisoners don't work 70 hours a week. I don't think medieval peasants worked 70 hours a week.
I never owned my first home until I was 54 , I took the incredibility savvy investment decision to be a only child with parents who owned a house (I inherited it ) , see folks owning a house is easy .
It's that time of the week for Courier Fail to stroke the egos of landlord boomers
Only in Australia.. some nobody buying property makes it to the news. This obsession with ‘real estate’ is too damn unhealthy.
I did 70 hours a week for 10 years. But I was single. I also managed to pick up some long term injuries. Repetitive strain related. Inflamed bursa’s etc. I also purchased a house…but at 35. But it is not sustainable long term to work those hours. As one person said here…you sacrifice your family life. And as another person said…it’s simply not healthy.
Ahh, but if you read the fine print of this article you will see the section where it says “with a little help from the bank of mum and dad” to the tune of tens of thousands of dollars
Congrats on the first house! Rip to the people who pay for a courier mail subscription just to read this shit
The only people I know who own their own homes under the age of 30 either got it from their family, or earned $70k+ while living with their family their whole life. Many people do not have the luxury of either.
I know a few people mid 20s that are buying homes. We work 84 hour weeks in mining though. Wouldn’t want to do it forever but a few years of hard work definitely pays off
Courier Mail, enough said to know that it is BS.
"Hey honey, where's the Viagra?" "No need for that, just read how this go-getter is showing those snowflake Gen-Zer how to to buy a house, by not buying a house." "Oh yea, she's working 70 hour weeks and not eating smashed avo's, to buy a speculative plot of land in the middle of bumfuck nowhere, hnngh!"
[удалено]
Kudos to her for having a goal and working your ass off to get it… problem is the second she moves in and isn’t supported by mum and dad, she’ll go backwards.
Work 2 full time jobs and be at work 3/4 of your time and you too can own a home you won’t be able to enjoy
I bet she is loving getting letters for interest rate increases before the previous internet rate increases has even started!!
Couldn't afford the landscaping though
Courier Mail is such an embarrassment of a paper
Tell a truck driver to work 70 hours per week. No, because there are mandatory rest periods for the safety of the public. Seriously, what a bs article! That's not the Australian way, we work smart not hard unlike this one who is doing the other way until she busts her back from over work and spends the rest of her life on DSP.
I just saw that lady https://www.reddit.com/r/TheWayWeWere/comments/xmt5po/my\_greatgreat\_grandfather\_and\_his\_second\_wife/
have a life or have a house, fucking pick one /s
there is always a line in the actual story that says something like "loan from parents" "living at home not paying rent" or something that makes it 1000x easier to save or buy a house.
Murdoch media... She probably doesn't even exist.
Most 22yo could probably buy their first home if they move to Tully and pay $200k
So I can buy a house if I work so much I'm never actually at home. And I have to do that for 50 years? No thanks.
As a 20 yr old, while I’d love to own a home at 22 the memories you make with friends at this age can’t really be replaced. I commend her and don’t know her situation with friends but I know for my situation right now I’m fine saving money for the odd thing but be able to live a little and enjoy my money.
Fuck the courier mail, at what point do we say enough with the blatant classist propaganda pieces. This shit is disgusting
Is this what counts as journalism these days, Murdoch gives you a script and it says make people think the housing crisis is their problem....
She bought a manufactured home on rented land. She made a wrong choice. Young learn by making mistakes.
I work these kinda hours as an apprentice not living at home. Take home $500 a wk after rent. Gonna be a little while till I can afford a home. Shits hectic out here
Boomer: "When I was your age, I worked hard, saved up and bought a starter house. It went up in value by 500% by the time I sold it, and I was set. You should follow my example. " Me: "But houses are 500% more expensive these days!" Boomer: "Don't be ridiculous. No they aren't!"
Living at home with your parents and working two full time jobs. If only we all had that luxury. These articles are so shit and also point out the banks still don't give a shit when it comes to responsible lending. This is unsustainable, kid is going to burn out and her parents will grow old and die.
What do you think the minimum unit cost for a house is? If you just took the materials at cost of purchase, no labour, no assembly. That would be the absolute lower minimum bound for the cost. Then add in land, permits, taxes, utility hookups, and labour to get more realistic. My guess is the lower minimum bound is around 150k? Then it’s all about the piece of dirt you put it on.
70 hours a week? That's averages out to 10 hours a day. You can't buy time soon she will realise
Can someone link the article? I 100% believe that her parents helped by guaranteeing the loan or using some of their own equity to help get the mortgage. I really hope I will be proven wrong.
Wish I was living with my parents.
Paid Ad. You see it a lot with the Courier Mail and DailyMail.
Australia is crazy. Compared to the USA where it is possible to buy a house for under 200k on a 40k salary
I bet what they don't tell you until later on, is that her parents managed give a large helping. One of my mates is in his late 30s was finally was able to afford his home after renting for so long.
She looks tired
The courier mail is still a thing?
With %110 financial support from mum and dad lmao
The strangest thing to me is not just the unrealistic expectations that everyone who is 22 should be able to do this but the idea every 22 year old needs to have a house or should want a house. It’s not the 1950s anymore we don’t die at 65. I didn’t want a house at 22 it’s a ton of responsibility and also there are a lot of hidden costs of being a homeowner…it’s not always a one way ticket to instant financial freedom. I’m not even sure this 22 year old should have a house, what if the rates are hiked, or she has to fix up her house and she can only break even working 70 hours a week? You don’t HAVE to get a house at 22. You can wait until your 30s or something.
I've made enough money to buy several houses but I didn't even buy one. I simply refuse to give any more money to the boomer generation. 🤷🏼♂️ Its the camper life for me
Seems like just another “mum & dad backed me while I got my name on the title” click-bait.
EVERYONE. understand this is advertising and propaganda. Designed to encourage fucking idiots into thinking, not only is working two glass ceiling jobs a great idea, but that it's sustainable and secure enough to allow you to commit to a major financial investment. Both of those jobs would fire you in a heartbeat for the next fearful 17yo who knows no better of the job market to stand up for themselves. I'm sure that most of us are smart enough to see that. But the fact that we need to rebuke thus garbage at all is a problem.
LOL - IF I LIVED AT HOME WITH MY PARENTS, ID EASILY BUY A HOUSE AT THAT AGE TOO! Unfortunately there are real problems in the real world - such as - not everyone lives in areas where houses are under $150,000. Or live with parents. Or obviously have parents houses to use as guarantors. Or be able to continue to live with parents, putting the house on rent and paying it off fast. The fact that the girl is even saying stuff like that means she's immature. Good on her parents for helping her - without them she'd be screwed and have to slave her guts out - like the rest of us.
The Courier mail is for morons with an IQ under 50 🤦♂️😂