Fourteen properties and $4 million later, former McDonald’s worker Eddie Dilleen buys his first home

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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