Today's Video Headlines: 02/09/25
A 25-year-old has revealed that she’s already bought three homes and has attributed her success to what she swears is a “domino effect”.
This means the tenants’ rent doesn’t cover the mortgages, so both need to contribute funds to the properties on a monthly basis to keep them afloat.“Eight months ago, I bought my first house while we were together, but I had saved up the money from before we’d gotten together,” she explained.Owning multiple homes is relatively common among Aussies. Financial comparison website Finder found that 61 per cent of Aussies own at least one or more priorities.
Ms Starling said they were able to purchase a third property because they used the “equity” from one of the houses they already owned to buy their third property. Ms Starling told news.com.au that she feels totally thrilled she’s been able to purchase multiple properties. However, Ms Starling’s positivity about her three properties isn’t shared by everyone. When she took to social media to share her success story the reaction was divided.“I feel really proud that my husband and I are in this position that we both have worked so hard to get to. Especially when we have bought two of those houses in a cost of living crisis,” Starling said.
When you factor in the fact that the average full-time employee now earns just over $100,000 per year, according to the ABS, most people are earning less than the amount it costs to service a mortgage .
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