Melbourne father buys $680,000 house for his daughter - but she's not even old enough to live on her own

Melbourne father buys $680,000 house for his daughter - but she's not even old enough to live on her own Melbourne father's $680k speculative splash on cottage Squeezes out two first home buyers at auction READ MORE: Parents buy $1.26m Perth house for their kids to live in while studying at uni By Matthew Taylor For Daily Mail Australia Published: 06:13, 7 October 2024 | Updated: 06:13, 7 October 2024 e-mail 5 View comments A Melbourne father has forked out $680,000 to buy a house for his school-aged daughter over fears she wouldn't be able to afford to buy a property in the future. The dad, who outbid two first-home buyers at an auction on Saturday, plans to rent out the two-bedroom art-deco cottage until his daughter is old enough to move in.

Co-selling agent Luke Magree told The Age that bidding kicked off at $630,000, before the determined dad ended up sealing the deal. 'This home has been an investment property for the last eight years and it presented really well ..

. but it was also very unique,' Mr Magree said. 'There's not too many of those left,' The cottage features a stain-glassed front door and high ceilings, set on a 600m sq corner block in the heart of Frankston.

It is expected to be rented out for up to $520 a week. The sale left some people scratching their heads on whether parents were going too far. A determined dad bought 1 Rodney Court for his school-aged daughter Be the first to comment Be one of the first to comment Comments Now have YOUR say! Share your.