home deposit

PHOTO: Looking to exit Sydney’s exorbitant rent prices, Mr Bondanza and his partner swapped eating out on $20 plus meals for at home dining Picture: NCA NewsWire/Flavio Brancaleone Source: News Corp Australia

A healthy aversion to paying rent pushed a Sydney man to go to extreme lengths to save up for a home deposit. Now he’s reaping the rewards.

Mattia Bondanza lived off a diet consisting solely of tuna, rice and salad for five years to gather enough money to put down a deposit on an inner Sydney home.

The 30-year-old and his partner spent $2.50 per meal for over half a decade, with the cheap eats paying off in December last year when the couple got the keys to their own apartment in the inner-city suburb Darlinghurst.

Looking to exit Sydney’s exorbitant rent prices, Mr Bondanza and his partner swapped eating out on $20 plus meals for at home dining, allowing them to gather enough for a deposit on their $1.15 million one-bedroom apartment.

“I mean why, would I pay off someone else’s mortgage?” he said.

“It is outrageous how much money comes out of your bank account to pay for rent.”

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