An investor who purchased her first block of land at 21 is inspiring other young people to get into the market by building their first home rather than buy an existing property. Last September Ms Fitzgerald, now 28, bought her fourth block of land in greater Melbourne to build a new home to rent out to tenants. 'As a young person, you want to make sure you're not paying surprise bills for an old home,' Ms Fitzgerald said. The advantages of building a home compared to buying: Ms Fitzgerald said building a home compared to buying an existing investment property 'de-risks your investment' Advantages: 1. Ms Fitzgerald suggests speaking to a financial advisor, mortgage broker or third party employee rather than going straight to the bank.

Source: Daily Mail June 05, 2021 22:55 UTC