It's a common sob story for many of us that getting a property in parts of Sydney and Melbourne is tough. We have to, apparently, give up our smashed avo and coffee, just to have our slice of the Aussie dream. But people have even professed to saving up to around $200,000 for a deposit, only to get knocked back by banks for a loan.
So, what are we to do?
Well one Western Sydney teenager has decided that, in this global economy, everyone should help out. James Kidd, 19, has set up a GoFundMe page, hoping to raise a million bucks so he can get the keys to his own home.
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He says he works 50 hours a week while studying and juggling the costs of rent ($170 a week) and daily life. The page has been up for five months and until yesterday, he'd only raised a fiver, which was donated by his mum.
Credit: Caters
The teen says: "Since I was a child it has always been my dream to own my own house. Sadly, with the rise of house prices in Sydney, it looks like I will never achieve my life-long dream.
"I believe with a bit of luck that I will be able to buy my own house by the time I am retired. Your donation could be the difference between me owning a house in Sydney and me living on the streets. Please don't make me live on the streets.
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"My dream is to travel the world and live my life worry-free rather than stressing about repayments on a house - if I could buy a house without owing any money, that would be amazing."
Well, I mean, everyone wants that, but sometimes life is hard.
Where James lives at the moment. Credit: Caters
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Since getting a bit of attention online, he's received a few donations (even from a mortgage broker), totalling $100. While the people donating have been supportive of his ambitions, others have been absolutely scathing of his attempt to let the good people of Australia pay for his first home.
Commenting on the GoFundMe page, Anthony writes: "I've read that you're 19 years old, I'm 28 and only bought my first house within the last two years. I'm certainly not poor but I'm definitely not rich either, I'm comfortable. Don't expect that the moment you leave school that the world is going to be handed to you on a silver platter."
While another poster named Dan adds: "Really? Just typical of that generation to want everything given to them. Get off your backside, get a job, save for a deposit, negotiate a loan with a bank and then service the mortgage like most other home owners!"
Credit: Caters
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While Marta sums it up nicely by saying: "Wow. I'd rather put money towards my own deposit that pay for some random's."
Another person pointed out that a $1 million target is unnecessarily ambitious, considering there are plenty of modest homes in his native Western Sydney that are around $300-400,000.
But James says his family, which includes seven siblings, has experienced financial hardship following the death of his dad and he wants to ensure that he doesn't go down that same road.
Good luck kid, I'm genuinely rooting for you.
Featured Image Credit: CatersTopics: Sydney