{"id":1632,"date":"2024-04-20T03:07:55","date_gmt":"2024-04-20T03:07:55","guid":{"rendered":"https:\/\/gtgoodtimes.com\/?p=1632"},"modified":"2024-04-20T03:07:55","modified_gmt":"2024-04-20T03:07:55","slug":"8yo-girl-purchases-a-671000-00-house-in-australia-making-her-the-youngest-homeowner-globally-and-her-parents-strike-back-at-bashers","status":"publish","type":"post","link":"https:\/\/gtgoodtimes.com\/index.php\/2024\/04\/20\/8yo-girl-purchases-a-671000-00-house-in-australia-making-her-the-youngest-homeowner-globally-and-her-parents-strike-back-at-bashers\/","title":{"rendered":"8yo Girl Purchases a $671,000.00 House in Australia, Making Her the Youngest Homeowner Globally, and Her Parents Strike Back at Bashers"},"content":{"rendered":"<p>When we were still kids, we immediately spent the little money savings on toys and food. However, studies show that setting some money aside can save you more for spending after a few months or better yet, years. An 8-year-old girl in Australia bought her first house together with her siblings, <em><strong>Angus<\/strong><\/em>, 14, and <em><strong>Lucy<\/strong><\/em>, 13, and with the help of their parents. The 3 children combined their savings and bought a house worth AU$$671,000.00. With the title of the new house under her name, she has become the youngest homeowner globally!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1633\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic1-14.jpg\" alt=\"\" width=\"700\" height=\"500\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic1-14.jpg 700w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic1-14-300x214.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>According to the <a href=\"https:\/\/www.dailymail.co.uk\/femail\/article-13208341\/My-daughter-eight-year-old-property-investor-divided-Australia-buying-671-000-house-Heres-NEEDED-withering-response-haters.html\"><strong>Daily Mail UK<\/strong><\/a> report, 8-year-old <em><strong>Ruby McLellan<\/strong><\/em> was born in Australia. 2 years ago, she and her siblings would rely on weekly labor to get paid by their parents. With their help, the 3 siblings learned how to save their money and were taught how to invest at a very young age. A total of AU$6,000 savings were combined by Ruby and her siblings, and they used this as a downpayment on a house they wanted to purchase. The house was worth AU$670,000.00 when Ruby made the downpayment, making her the youngest homeowner in history.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1634\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic2-13.jpg\" alt=\"\" width=\"700\" height=\"500\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic2-13.jpg 700w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic2-13-300x214.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>Ruby\u2019s journey in investment was not without the help of her parents, who are real estate investors. The siblings\u2019 father, <em><strong>Cam McLellan<\/strong><\/em>, said they get paid weekly for helping with housework. Fortunately, they are aware of financial management and minimize their expenses. The siblings were taught the basics of investing when they were younger, and together, they have raised AU$6,000 in just weeks. Their parents helped with the process of purchasing the house.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1635\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic3-14.jpg\" alt=\"\" width=\"634\" height=\"454\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic3-14.jpg 634w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic3-14-300x215.jpg 300w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/p>\n<p>The house exceeds 200 square meters, and the title of the property will have the names of the 3 children. The house is now worth AU$960,000, and Cam said that it will be rented out. The monthly rent will be paid to the children and will be split into 3 equal amounts. Cam also said the children are already discussing purchasing a second property. Cam also said to let the children learn about financial management as early as possible by encouraging them to purchase real estate properties with their savings. According to him, it is a good investment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1636\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic4-9.jpg\" alt=\"\" width=\"718\" height=\"326\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic4-9.jpg 718w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic4-9-300x136.jpg 300w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/p>\n<p>Cam explained that when he was working in real estate, he had a deep understanding of the impact of inflation on future housing. <em>\u201cThe earlier you start, the better,\u201d<\/em> Cam explained. <em>\u201cAustralia\u2019s housing prices will only continue to rise, and the housing supply is seriously insufficient.\u201d<\/em> Therefore, the money the children used was their start-up capital, and the house could be their children\u2019s home in the future. Cam even wrote a book entitled <em>&#8220;My Four-Year-Old, the Property Investor&#8221;<\/em> based on his children\u2019s investing experience, encouraging parents to cultivate their children\u2019s financial management skills as early as possible.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1637\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic5-8.jpg\" alt=\"\" width=\"718\" height=\"718\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic5-8.jpg 718w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic5-8-300x300.jpg 300w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic5-8-150x150.jpg 150w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic5-8-80x80.jpg 80w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/p>\n<p>The story of Ruby\u2019s journey attracted the attention of netizens. However, many questioned how much the parents shared since AU$6,000 was not enough for a downpayment. Although Cam did not say how much he and his wife shared when they purchased the property, netizens estimated that property downpayment is usually 20% of the price. The downpayment should have been around AU$110,000.00. Some of the netizens commented:<\/p>\n<p><em>\u201cSo, it is actually the parents who bought the house for their children?\u201d<\/em><\/p>\n<p><em>\u201cHow much exactly are the children\u2019s pocket money?\u201d<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1638\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic6-7.jpg\" alt=\"\" width=\"650\" height=\"867\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic6-7.jpg 650w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic6-7-225x300.jpg 225w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Some netizens who work in real estate criticized the parents\u2019 behavior as using their children to evade taxes. <em>\u201cAre you trying to use your children to evade taxes? Because this is the best way to do it.\u201d<\/em> Cam McLellan easily shunned all bashes and claimed he would never let his kids read the personal attacks on social media.<\/p>\n<p><em>\u201cIt\u2019s easy for someone who doesn\u2019t have property or hasn\u2019t made sacrifices to be angry about it and easily target a young kid who has a leg-up,\u201d<\/em> Cam said. <em>\u201cYou don\u2019t want to aggressively rub that into the young generation, but they need to sacrifice and delay gratification. There\u2019s no easy silver bullet, but while my kids will get enough to get started, they are not silver spoons. They have a leg up, but so can anyone in Australia.\u201d<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1639\" src=\"http:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic7-4.jpg\" alt=\"\" width=\"650\" height=\"867\" srcset=\"https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic7-4.jpg 650w, https:\/\/gtgoodtimes.com\/wp-content\/uploads\/2024\/04\/pic7-4-225x300.jpg 225w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Cam McLellan said that bashers would be better off using their energies to find jobs, not destroying people\u2019s hopes and dreams. It would be wise if they cut down on their discretionary spending and save money for their own first investment.<\/p>\n<p>Images credits: <strong>\u00a9 <a href=\"https:\/\/www.dailymail.co.uk\/femail\/article-13208341\/My-daughter-eight-year-old-property-investor-divided-Australia-buying-671-000-house-Heres-NEEDED-withering-response-haters.html\">DailyMail UK<\/a><\/strong> and <a href=\"https:\/\/pretty.presslogic.com\/article\/713337\/%E6%BE%B3%E6%B4%B2-8%E6%AD%B2%E5%A5%B3%E5%AD%A9-%E8%B2%B7%E4%B8%8B340%E8%90%AC%E6%88%BF%E5%B1%8B-%E6%9C%80%E5%B9%B4%E8%BC%95-%E5%B1%8B%E4%B8%BB-%E7%88%AD%E8%AD%B0\"><strong>GirlStyle Presslogic<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When we were still kids, we immediately spent the little money savings on toys and food. However, studies show that setting some money aside can save you more for spending after a few months or better yet, years. An 8-year-old girl in Australia bought her first house together with her siblings, Angus, 14, and Lucy, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inspired"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>8yo Girl Purchases a $671,000.00 House in Australia, Making Her the Youngest Homeowner Globally, and Her Parents Strike Back at Bashers - Good Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtgoodtimes.com\/index.php\/2024\/04\/20\/8yo-girl-purchases-a-671000-00-house-in-australia-making-her-the-youngest-homeowner-globally-and-her-parents-strike-back-at-bashers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8yo Girl Purchases a $671,000.00 House in Australia, Making Her the Youngest Homeowner Globally, and Her Parents Strike Back at Bashers - Good Times\" \/>\n<meta property=\"og:description\" content=\"When we were still kids, we immediately spent the little money savings on toys and food. 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