A young woman has revealed how she could have bought four properties at the age of 24 – and her plans to buy even more homes
Queensland woman Rebecca Cuderman started out as a receptionist, but has since turned her office job into a career as one of the top real estate agents in the country.
The 24-year-old has built her wealth by following principles she picked up when she was just 17 years old.
Ms. Cuderman now owns four properties that she is renovating and plans to turn around for a profit within ten years.
Rebecca Cuderman (pictured), 24, turned her job as a receptionist into a real estate career that allowed her to buy four properties
Ms. Cuderman has bought four houses, one of which she lives in and is still renovating, and three other investment properties (Photo: The first property she bought in Tanah Merah)
She shared her advice for prospective homebuyers and revealed how she spent years studying the real estate market.
She said property. com her number one piece of advice for potential homeowners is to put in the hard yards and focus on self-improvement rather than partying.
“When I was 18, I didn’t go out for three years. In the end it pays off. You only get out what you put in,” she said.
Ms. Cuderman grew up in Redcliffe, north Brisbane, and started working as a receptionist at 17, with the intention of becoming a real estate agent when she turned 18.
She focused on saving money for down payments she could make on dilapidated properties that she and her brother could then renovate.
Five years later, Mrs. Cuderman has purchased four homes, one of which she lives in and is still renovating, and three other investment properties.
“I have my own home that I live in and then I have three investments now,” she said.
“Everyone in the office knows me because I’ve bought, I swear, the worst houses in the world. The most recent one I just bought is a house and granny flat that we are refurbishing.
‘My brother is the main renovator. He handles pretty much all the projects for me and we outsource the important stuff like electricians and things like that.
‘I couldn’t have done it without him, because I’m not physically able to go to the location all the time. I just trust him.
“I only bought in the last two months (when prices were at their highest). Although it was expensive, I plan on holding it for up to 10 years. I’ve always wanted to buy things that I can add value to.’
Ms. Cuderman says her experience as a real estate receptionist enabled her to learn about real estate management, leasing and sales.
She then followed a ‘learning path’ to become a recognized real estate agent.
Ms Cuderman said those who want to crack the property market and buy investment properties should just put in the hard yards and believe in themselves
Her most recent purchase is a house and granny flat in Brighton, which she bought at the end of March this year
The 24-year-old was named as one of Brisbane’s most hard-working real estate agents last week and had the fourth most sales on realestate.com.au.
“Last year was actually great. My first financial year I made about 20 sales,” she said.
“Now my total year of sales so far is 432 (including off-market sales.”
Her success story comes as 11 rate hikes since May 2022 have made home ownership increasingly difficult for Australians.
A Resolve Political Monitor survey published last month found that young and middle-income earners in Australia are giving up on ever owning a home.
Two-thirds of the 1,609 surveyed agreed that young Australians will never be able to buy a home.
Jim Reed, director of Resolve, said high house prices and rents discouraged young people from entering the real estate market.
“Many young people have simply given up on the dream of owning a home, at least early in their careers, and some even tell me they give up on starting a family because they can’t afford to take care of themselves , just more mouths,’ he said.