Father buys $680K house for school-aged daughter who can’t even live independently yet

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A Melbourne father spent $680,000 on a house for his daughter, fearing she may struggle to afford property in the future.

Recently, a devoted father from Melbourne made headlines by investing $680,000 in a house for his young daughter.

Despite her being a school-aged child, the father’s foresight and concern for her future drove him to outbid two other buyers.

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A Melbourne father invested $680,000 in a house for his young daughter. Image Credit: Getty

Father buys $680K house for school-aged daughter who can’t even live independently yet

His plan is to rent out the beautiful two-bedroom art-deco cottage.

He will do this until his daughter is ready to live there.

The auction began with an opening bid of $630,000, according to co-selling agent Luke Magree.

The determined father successfully completed the purchase at the end of the auction.

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The auction started at $630,000, and the father won. Image Credit: OBrien Real Estate Frankston

‘This home has been an investment property for the last eight years and it presented really well … but it was also very unique,’ Mr Magree said.

‘There’s not too many of those left.’

Magree indicated the property’s unique charm, noting its stained-glass front door and high ceilings.

The home is located on a 600-square-meter corner block in the heart of Frankston.

Projections suggest that the cottage could yield a rental income of up to $520 per week.

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The cottage is on a 600-square-meter corner block and may rent for $520 weekly. Image Credit: OBrien Real Estate Frankston

Reactions from the public

However, this act of parental care sparked a wave of mixed reactions within the community.

Questions were raised about the increasing pressures on parents in today’s property market landscape.

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Some people expressed concerns about a tax system that lets property wealth build up over generations.

We’ve done the same. Bought a lovely villa for our daughter and are currently renting it out. Will put it in her name when she turns 21, one user said.

I’d do it too if I had the means, the second user commented.

Well done, so much better than leaving the money in the bank…. And meanwhile he is receiving an income ! Top job, the third user said.

My son and daughter in law are building me a granny flat. At least now I’ll be paying something off for them, or helping, rather than a strangers mortgage, another wrote.

Good for them we poorer people dont need to know about it, someone said.

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Image Credit: OBrien Real Estate Frankston

Another father also bought a nearly $7M home for his daughter

Amidst the debate, comparisons were drawn to a grand gesture made by a Sydney-based father earlier in the year.

This affluent parent generously gifted his daughter a lavish $6.95 million luxury home in North Bondi, one of Australia’s most affluent suburbs.

The three-storey property on Bonus Street fetched just under its $7 million reserve at auction.


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