Gen Z property dream becomes reality: Four houses by 24

PHOTO: Rebecca Cuderman

According to realestate.com.au she’s had a massive rise from her start just seven years ago as a 17-year-old agency receptionist, but Rebecca Cuderman, 24, has no plans to stop property investing any time soon.

Ms Cuderman is among a rising group of Gen Z buyers unfazed by rising property prices, looking to accumulate wealth through property.

“I grew up north of Brisbane in Redcliffe. My family still live there, but I’m now on the south side. Born in 98, so I’m 24. Receptionist was all you could do at 17 without a (real estate agent) licence because you can’t get that until you’re 18.”

Rebecca Cuderman bought this three bedder on a 607sq m block in Slacks Creek bought for $350,000 in 2021.

Her most recent purchase is this house and granny flat on a 599sq m block in Brighton bought for $775,000 in late March this year.

Ms Cuderman urged young people wanting to get into the industry and into property investment not to doubt themselves, but also to put in the hard yards.

“When I was 18, I didn’t go out for three years. In the end, it pays off. You only get out what you put in,” she said.

The Brisbane suburbs poised to boom

Ms Cuderman has bought four houses, all rundown properties that her brother has helped her renovate.

“I’ve got my own residence I live in and then I’ve got three investments now. Everyone in the office knows me for buying, I swear, the world’s worst houses. The most recent one I just bought is a house and granny flat that we’ve been doing up,” she said.

The first property Rebecca Cuderman bought was in 2020 – a 600sq m site in Tanah Merah with a four-bedroom house on it.

One of four properties the 24-year-old bought is a house on a 3,187sq m block in Tanah Merah.

“My brother is the main renovator. He’s pretty much handling all of the projects for me and we outsource the important stuff like electricians and stuff like that. I wouldn’t have been able to do it without him because I’m not physically able to go to site all the time. I just rely on him.”

Her private philosophy is to add value early on and hold for at least a decade.

Brisbane’s buyer’s agent to the stars

“I only bought in the last two months (while prices were highest). While it was expensive, I’m planning on holding up to 10 years. I’ve always been wanting to buy things that I can add value to,” she said.