What housing crisis?
Meet teenage entrepreneur Caitlin Argyle.
The Gold Coast teen usually deals in homework, text messages and social media.
But now the 17-year-old has come up with a revolutionary way to get a foot in the property market — crowdfunding the deposit.
Caitlin insists she is not after charity (though donations are apparently welcome) and is offering use of the investment property and a range of other rewards in exchange for cold, hard cash.
Related: Dear Joe Hockey, why don’t you come house-hunting with me this weekend?
You can hire out the house for a week, spend a night at her family home, hire Caitlyn by the hour or day for odd jobs or to paint faces at kids’ parties, or just buy an ‘extra special thanks’ or a $5 virtual hug.
Watch her pitch her (post continues after video):
Caitlin says her parents offered to cough up 90 per cent of the house price if she managed to save up a $48,000 deposit.
“If I wait until I save the money up from working it will take me many years to raise a deposit,” she explains.
“The longer I take the more expensive houses will become and the longer it will take me to raise the money…in fact after expenses, taxes and increasing prices it might take me 20 years to buy one!”