By Olivia Lambert
FELICIA Coco was working five jobs while she was saving up to buy a house.
She completely sacrificed her social life and stayed at home while her friends moved out.
“It shouldn’t be this hard to put a roof over your head,” she said.
But this is a reality for many young people.
Felicia is one of the lucky ones who was actually able to buy a house before she reached middle age.
She purchased a home last year for about $400,000 in Thomastown, about 30 minutes from Melbourne’s CBD, when she was just 22.
But after the struggles and hurdles she went through to break into the market, she knows one thing for sure. What she did is unreasonable. More needs to be done to help young first home buyers.
While the Turnbull Government has announced the new super saver scheme, Felicia believes it’s not the answer to tackling the housing affordability crisis.
According to research conducted by iBuildNew, an online listing site of home builders and land developers, 85 per cent of first home buyers believe an affordable house is less than $600,000.
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