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Bad experience leads 21-year-old into buying home

MOVED IN: First-home buyer Lloyd Franettovich and girlfriend Chelsea Streeter have truly settled into owning their first home, purchased in June.
MOVED IN: First-home buyer Lloyd Franettovich and girlfriend Chelsea Streeter have truly settled into owning their first home, purchased in June. Explore Property

AFTER moving back from New Zealand, Mackay-boy Lloyd Franettovich was determined to finally call a house, home.

The 21-year-old full-time worker purchased his first property a few months ago.

He said while living overseas he had no other option but to live in share accommodation which he did not take a liking to.

"When I moved over, I went straight into work and had to live in a hotel for three months while trying to find a place to rent," he said. "It was really hard because I was 19 at the time, had moved countries and ended up in share accommodation."

"The people I lived with were messy and the place was unhygienic."

He said the experience was one contributing factor to his decision to join the buyers' market.

"I really wanted somewhere to call home; somewhere to call my own," he said.

"With the downturn and all I really thought it was a great time to buy.

"There is no point for me to rent because I am never really home."

Plus, Mr Franettovich was not looking to buy as an investor.

He said he was looking to buy the property as a long-term option.

"I looked to buy in Ooralea, Walkerston or Marian and I went with Marian," he said.

"I didn't want to sell it in a year's time. This was a place to call my own."

"The property market now is irrelevant in 10 year's time."

Topics:  buying home mackay property renting


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