Six-year-old Ruby, her siblings, Lucy, and Gus, have managed to purchase their first home in Melbourne.
Their parents were worried that they would never be able to afford it, but now they have their own patch of land.
Ruby, who appeared on 7NEWS, said that she was excited to finally get her first home.
Her father, Cam McLellan, is an experienced property investor who helped his kids get into the market.
According to their father, the three kids saved up enough money to purchase a home.
The house and land, which are located in Clyde, Melbourne’s south east, cost around $671,000. According to Mr McLellan, the value of the property will double in the next decade.
He noted that the price of the block has already gone up by $70,000. The future landlords plan to split the profits from the sale.
The kids were able to earn money by performing household chores and packing their father’s new best-selling book.
Mr McLellan said that the book was written for the purpose of teaching his children about investing in property.
One of the biggest factors that prevented them from buying a home was the high cost of housing.
According to a survey conducted by the Commonwealth Bank, about a quarter of Australian adults have considered buying a home with their parents, siblings, or friends.