BREAKING NEWS Young Aussie exposes the huge problem with his generation - and many boomers will agree An online property investment guru issued a reality check He called out young Australians for being unable to 'sacrifice' READ MORE: How Australia's house prices are about to soar even higher - here's how much it will cost you in your city By Ashley Nickel For Daily Mail Australia Published: 04:01, 24 July 2024 | Updated: 04:10, 24 July 2024 e-mail View comments A young property investor has issued a harsh reality check to young people trying to get a foot in the market but aren't willing to compromise to stay within their budget. Jack Henderson, 27, bought his first property at 18 while working in construction and living at home in Western Sydney . At 21, he moved to Newcastle and opened his buyer's agency, Henderson Advocacy, in 2020.
Now, he owns 15 homes. Mr Henderson believes that buying a home is more achievable than many people think, but it requires greater sacrifice. He often sees young Aussies refuse to buy in less desirable suburbs because they want the best immediately.
One three-bedroom, one bathroom home in Bidwill sold earlier this year for $730,000 - but he claimed most young Aussies today won't consider such a buy because it's 46km west of Sydney. 'My parents, they started in a place called Bidwill, it's near Mount Druitt,' he said. 'That's where they started, probably paid $50,000 or $60,000 at the time in that same house.
'Now it's worth $500,000 or $600,00.
