PHOTO: Eddie Dilleen
Eddie Dilleen has finally achieved the millennial dream of buying his first home. It only took him 14 investment properties to get there.
The 27-year-old property mogul bought his first rental — a $138,000 unit on the NSW Central Coast — at the age of 19 while still earning just $500 a week working at McDonald’s, having saved all the way through high school for a $20,000 deposit.
In the next eight years, as house prices in Sydney and Melbourne skyrocketed off the back of a tsunami of cheap credit and record population growth, locking many young people out of home ownership, Mr Dilleen avoided the country’s two major housing markets.
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