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University student reveals how she managed to buy a half-million dollar home

University student, 23, reveals how she managed to buy a half-million dollar home while working part-time and earning just $25 an hour

  • Sydney woman was 21 when she signed contract for home in western suburbs 
  • Dinisha Devadason settled the one-bedroom, one-bathroom apartment in March 
  • Ms Devadason was working part-time and studying nursing while saving money
  • She said she sacrificed ‘girly things’ and eating out to save for her deposit

A university student has revealed how she was able to buy a half-million dollar home while earning $25 an hour working part-time.

Dinisha Devadason owns a one-bedroom, one-bathroom apartment in Parramatta, western Sydney.

Ms Devadason said she was forced to make sacrifices to buy the $544,000 home in 2017, at 21 years old.

Dinisha Devadason is the proud owner of a one-bedroom, one-bathroom apartment in Parramatta, western Sydney, after the property was settled in March

Ms Devadason told news.com.au she first signed the contract for the $544,000 off the plan home in 2017, at age 21

Ms Devadason told news.com.au she first signed the contract for the $544,000 off the plan home in 2017, at age 21

Ms Devadason, who lives at home with her family, said her parents encouraged her to understand the importance of saving money.

‘I was still young and a lot of people wanted to party and spend their money there, but my parents helped keep me on the right track to a better future,’ she told news.com.au. 

Living at home with her parents meant Ms Devadason didn’t need to pay rent and she could save money on food.

Despite only working part-time to balance her studies, Ms Devadason worked ‘crazy hours’ and would earn solid chunks of cash to funnel her 20 per cent deposit.   

Ms Devadason also abandoned ‘girly stuff’ and would opt to eat at home with her family instead of out with friends. 

‘It was very hard because as a 21-year-old girl I didn’t do my nails or cut my hair – I had to cut out all that girly stuff,’ she said.  

Ms Devadason, who lives at home with her family, said her parents encouraged her to understand the importance of saving money

Ms Devadason, who lives at home with her family, said her parents encouraged her to understand the importance of saving money

Ms Devadason, who now works in finance, lives in her parents' home while tenants pay $400 a week in rent for the Parramatta apartment, which will pay her mortgage

Ms Devadason, who now works in finance, lives in her parents’ home while tenants pay $400 a week in rent for the Parramatta apartment, which will pay her mortgage

Ms Devadason, who comes from an Indian background, said she’d often be given money from relatives during Indian festivals and Christmas which she’d save her for property.  

Ms Devadason said young people want to enjoy going out while they can but saving for a property isn’t as hard as people think.

‘The hardest part is getting your mindset right – but once you make that commitment, everything is easy and just becomes part of your lifestyle,’ she said. 

Ms Devadason, who now works in finance, lives in her parents’ home while tenants pay $400 a week in rent for the Parramatta apartment, which will pay her mortgage. 

She was earning about $40,000 when the property was settled earlier in March. 

'The hardest part is getting your mindset right – but once you make that commitment, everything is easy and just becomes part of your lifestyle,' Ms Devadason said

‘The hardest part is getting your mindset right – but once you make that commitment, everything is easy and just becomes part of your lifestyle,’ Ms Devadason said

Read more at DailyMail.co.uk


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