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Property Young Guns20th September 2007 The Australian landscape, the headlines tell us, is littered with the bruised egos and battered budgets of young Australians who can't afford to buy their first home. But rising above that landscape are some youngsters who’ve managed to accumulate substantial property portfolios before they've even hit their mid-20s. Australian Property Investor magazine invites you to meet the young guns of Australian property: At 23, Crystal co-owns 15 investment properties; she met her business partner while she was working at a tenpin bowling alley. Scott, also 23, started investing at 19 and now owns five properties spread across Queensland and into New South Wales; his dad comes to him for investment advice. Michael never liked the idea of renting; he's also 23 and owns three investment properties, with a goal of doubling the value of his portfolio before the end of 2007. Tim, 25, wants to own seven rentals by the time he hits 30; he's well on the way, with four investments already racked up. "Affordability is a word that's getting plenty of airtime at the moment," says API editor Eynas Brodie. "But just because affordability problems are a reality of today's property market, that doesn't mean they have to be everyone's reality. "These four property investors are still in their 20s and already on their way to achieving what most of us aspire to – financial freedom and an early retirement. Whether it's your child, your friend or yourself who's complaining about affordability, these four young guns provide an inspiring story that proves anything is possible if you want it badly enough." © Australian Property Investor magazine - www.apimagazine.com.au. Reproduced with permission. To subscribe to API, go to www.apimagazine.com.au or pick up a copy from your local newsagent.
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