Jordan Cullinane and Remi Krahenbring, both in their early twenties, decided to pursue home ownership rather than renting, opting to save diligently to achieve their goal. They saved money while living with Ms. Cullinane's parents and managed to accumulate $60,000 for a deposit over 10 months without borrowing from family members.
Their determination led them to purchase a 510 square-meter block of land in the Plainland Crossing estate for $167,000 in June 2021, with the total spend for their home reaching $450,000. Despite challenges during the building process with two builders, they eventually found a reliable third builder who helped them realize their dream of home ownership. This journey culminated in the couple moving into their new home in March of the following year, with plans to start a family and invest in more properties in the future.
Jordan and Remi are now looking forward to expanding their property portfolio and are aiming to have their home paid off by the time they are 50. Their story serves as an inspiration for other young adults looking to enter the property market, showcasing how determination and financial planning can lead to achieving the goal of home ownership. Additionally, experts like mortgage broker Joshua Carleton emphasize the importance of starting early, setting savings goals, and seeking professional advice to navigate the process of buying a home effectively.