For many millennials, saving enough to own property in a major city feels totally out of reach. But one Australian guy has smashed expectations by buying a dozen properties while he's still in his mid-20s.

Eddie Dilleen, 26, now owns $2 million (£1.13 million) worth of investment properties - despite starting work at a fast food restaurant and growing up in a hard-up household.

He recently quit his job and now works for himself buying homes, having previously worked three jobs at once in order to fund his investments.

Eddie grew up with his single mum in the Sydney suburb of Mount Druitt, relying solely on her single pension after his parents split up when he was a child.

The experience led Eddie to become obsessed with owning a home at a young age, vowing never to wind up in the same situation when he became an adult.


Eddie told LADbible: "I remember it was very hard. We didn't have any money at all growing up and I just remember it would always be a struggle every single day to put food on the table.

"[I said to myself] when I'm older, and I have a job or whatever, I don't ever want that to happen again."

Eddie started work at McDonald's and until recently was working as an industrial tools salesman, topping up his income by working two bartender jobs on the side.

Even while working grueling 80 or 90-hour weeks, Eddie never lost sight of his goal as he sought to buy ordinary properties that could make him money.

Eddie bought his first property aged 19 on the Central Coast of New South Wales after saving a $20,000 deposit about two years after he started work.

He now has a property portfolio of homes, dotted across Brisbane, the Gold Coast, South Australia and New South Wales.

"I had a plan in place from day one. I only purchase the properties that put money into my pocket," Eddie said.

"I knew it was a mathematical equation.

"From all the property I was buying, it allowed me to quit my job. I only work when I want to now."

Credit: Supplied

While Eddie is still paying for a few of the properties, he does not plan to sell them yet as renting all 12 of them out gives him enough income to live on.

"Some of them have still got loans on them but from the way I've leveraged them, if I sold five or six of them I'd be able to own the other ones outright," Eddie explained.

Credit: Eddie Dilleen

When asked what other aspiring millennials can do to mirror him, Eddie said that 'being positive' and staying focused on saving enough money for a deposit is a massive factor.

He also urged potential investors to learn as much they can about buying and selling homes by buying books and reading up.

"Obviously you've got to educate yourself - you can't do it without the knowledge," Eddie said. "You'll get in trouble that way for sure."

Eddie is keen to pass on the knowledge he's gained onto others and is already writing a book about his experience. For now, he can just enjoy his very early retirement.

You can learn more about Eddie by visiting his Facebook page DPG - Dilleen Property Group.

Chris Ogden

Chris Ogden is a journalist at LADbible. He graduated from the University of East Anglia with degrees in English Literature and Creative Writing before completing his NCTJ Diploma in Multimedia Journalism. Chris has previously written for the independent culture magazine The Skinny, among other publications.

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