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How a 6-year-old bought a house in Melbourne


A six-year-old girl and her siblings collect their money to buy a $671,000 home in Melbourne

  • A six-year-old and two brothers combine their money to buy a new house
  • Each child gave $2,000 of their hard-earned pocket money to their home in Clyde
  • The value of real estate in southeast Melbourne is estimated to double in value in ten years
  • The brood bought the house following the advice of the real estate investor’s father
  • They plan to stay in the house for another decade before selling and splitting the profits










A smart six-year-old and her two siblings are officially proud of a brand new home in the latest indication of Australia’s crazy property market.

Robbie, Gus and Lucy McClellan bought the house and the surrounding land in Clyde, a rural suburb about 48 kilometers southeast of Melbourne city centre.

The siblings all provided $2,000 of their hard-earned pocket money across the land, on the advice of their real estate investor father.

A brave six-year-old (left) and her two siblings (right) have officially become the proud owners of a brand-new home in the latest sign of Australia’s crazy property market.

Robbie, Gus and Lucy McClellan bought the house and the surrounding land in Clyde, a rural suburb (pictured) about 48 kilometers southeast of Melbourne city centre.

Robbie, Gus and Lucy McClellan bought the house and the surrounding land in Clyde, a rural suburb (pictured) about 48 kilometers southeast of Melbourne city centre.

Cam McClellan, 36, said he encouraged his children to buy in Australia’s booming property market, but put his kids first into the work to save for the deposit.

The house cost the siblings a total of $671,000, which their father expected would double in value to nearly $1,342,000 within ten years.

Pictured: Cam McClellan's Bestselling Guide to Investing in Real Estate

Pictured: Cam McClellan’s Bestselling Guide to Investing in Real Estate

Mr. McClellan is the director and co-founder of real estate firm OpenCorp, and he recently authored a step-by-step investment guide.

The kids were able to save their pennies by helping out with chores and filling out their dad’s investment guide.

The bestselling book, My Four Year Old, The Property Investor, was first published last November but has been re-released and is dedicated to the author’s children.

“It was written for my kids to use when they are old enough, so I’ve outlined all the steps needed to build a real estate portfolio,” McClellan told 7News.

He said the price of the Clyde block had already gone up by $70,000.

McLellan’s brood plans to hold the property for another decade before selling it in 2032 and splitting the profits.

The purchase comes as the latest indication of the out-of-control property market in Australia, which was recently estimated to be worth $9 trillion.

Cam McClellan (pictured with his partner) is director and co-founder of real estate firm OpenCorp and most recently author of The Step-by-Step Investing Guide

Cam McClellan (pictured with his partner) is director and co-founder of real estate firm OpenCorp and most recently author of The Step-by-Step Investing Guide

The Australian Bureau of Statistics revealed earlier this month that 10.7 million housing units in the country rose five per cent, or $487 billion, in the September quarter to $9.3 trillion.

“The value of Australia’s housing stock has risen by nearly $1 trillion in the past six months,” said Michelle Marquardt, head of price statistics at ABS.

CoreLogic data also showed that Australian property prices in the year to November rose 22.2 per cent – the fastest annual pace since early 1989.

The Australian Real Estate Council said that while low interest rates have sent home prices up, factors such as a lack of supply, taxes and ineffective planning systems have alienated an overheated property market.

However, the Commonwealth Bank and Westpac expect the Australian property market to slow in 2022 and fall in double digits in 2023, as banks increase fixed mortgage rates from historically low levels of 2 per cent.

Home listings go up in a year

Sydney: by 64 percent

Melbourne: by 40 percent

Brisbane: by 20 percent

Perth: by 41 percent

Adelaide: by 35 percent

Regional New South Wales: by 19 percent

Regional Victoria: by 17 percent

Source: Domain residential listings data for the week ending November 27 compared to the previous year

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