Single tenant Yvette Buckley bought her very first home in November of 2025– however the law states she can never live in it.
Rather, the purchase is part of the 44 year-old’s special intend on investing for her retirement, using her superannuation to pay for her home’s deposit.
Ms Buckley stated despite working because she was 16, she felt she didn’t have sufficient money to buy a location without drowning in repayments.
“I didn’t wish to be a slave to my mortgage,” she stated. “I wished to do something various, make more cash and set myself up for retirement.”
Buying a home with your incredibly locks you off from ever living in it; but enables the home mortgage to be paid off with lease and super income while it grows worth as a financial investment residential or commercial property. Ms Buckley she was inspired when she discovered a Defence Force program that did the very same thing, and decided to attempt it for herself.
“I implied I might purchase a much higher deposit than I could usually pay for,” she stated, “and have a smaller sized mortgage in general.”
The method has actually permitted Ms Buckley to keep renting where she wishes to live in Nundah, while paying less than she would if she had actually bought her new apartment or condo outright.