Boy, aged just 13, uses his pocket money to become one of Australia's youngest property investors

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 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments

 

Akira Ellis snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale. 
'[Buying a house] can be quite scary, especially when it's your first purchase and renovation - there are so many things to think about,' he told the Express Advocate.
'It's a big investment and a mistake can cost you a lot.'
Akira Ellis, 13, (pictured with his renovation mentor Cherie Barber) is one of Australia's youngest property investors after buying a $552,000 house in Melbourne
Akira Ellis, 13, (pictured with his renovation mentor Cherie Barber) is one of Australia's youngest property investors after buying a $552,000 house in Melbourne
He snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale
He snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel.
Even his brother Oliver and sister Saskia chipped in some pocket money to make it a whole family affair.
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment. 
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards. 
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters.
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update.
'The 1970s kitchen would come up an absolute treat with a modern fitout to bring it into the 21st century, as would the family bathroom,' it read.
'The second toilet beside the laundry hints at the possibility of a renovation into a second full bathroom.'
Akira learned his investment skills from renovation expert Cherie Barber (R) after winning her Young Renovator's Scholarship Program
Akira learned his investment skills from renovation expert Cherie Barber (R) after winning her Young Renovator's Scholarship Program
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining.
Even the real estate agent who sold him the property was impressed with his savvy and knowledge of what to look for and how to bargain.
'He's a very bright kid, very switched on. He came in with a tape measure and measured all the rooms and fitting himself,' Ray White's Adam Price said.
'I wish I'd bought an investment property when I was his age, especially with the market right now where even people in their 20s can't afford to buy.
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update
'He's definitely done well and I think he'll go very far.'
Akira learned his investment skills from renovation expert Cherie Barber after winning her Young Renovator's Scholarship Program.
Her company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments.
'He would give any seasoned property professional a run for their money and I have no doubt he'll become a powerful entity in the property world in the future,' Ms Barber said. 
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters
The entrepreneur wrote a glowing Facebook post next to a picture of her and Akira on the day he closed the deal.
'So proud of my youngest student Akira, who is just 12 years old. 1.5 years ago, Akira came through my Young Renovators Scholarship Program, ever since he's been out doing his due diligence researching suburbs,' she wrote.
'Last night he found and negotiated he and his parent's first property in Victoria. I've been mentoring him on a regular basis and this kid is impressive!'


 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments

 

Akira Ellis snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale. 
'[Buying a house] can be quite scary, especially when it's your first purchase and renovation - there are so many things to think about,' he told the Express Advocate.
'It's a big investment and a mistake can cost you a lot.'
Akira Ellis, 13, (pictured with his renovation mentor Cherie Barber) is one of Australia's youngest property investors after buying a $552,000 house in Melbourne
Akira Ellis, 13, (pictured with his renovation mentor Cherie Barber) is one of Australia's youngest property investors after buying a $552,000 house in Melbourne
He snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale
He snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston in May - when he was still 12 - and recently settled the sale
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel.
Even his brother Oliver and sister Saskia chipped in some pocket money to make it a whole family affair.
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment. 
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards. 
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel
Although he hunted down and picked the property, the Gosford teenager is not alone in the venture with a fair bit of help from his parents Frank and Mychel
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters.
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update.
'The 1970s kitchen would come up an absolute treat with a modern fitout to bring it into the 21st century, as would the family bathroom,' it read.
'The second toilet beside the laundry hints at the possibility of a renovation into a second full bathroom.'
Akira learned his investment skills from renovation expert Cherie Barber (R) after winning her Young Renovator's Scholarship Program
Akira learned his investment skills from renovation expert Cherie Barber (R) after winning her Young Renovator's Scholarship Program
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment
The pint-sized housing prodigy said he planned to 'totally transform' the 1970s home before renting it out and looking for his next investment
Akira's new house also sports gas cookers and a breakfast bar with a dining area that flows through sliding glass doors to a covered alfresco patio for outdoor entertaining.
Even the real estate agent who sold him the property was impressed with his savvy and knowledge of what to look for and how to bargain.
'He's a very bright kid, very switched on. He came in with a tape measure and measured all the rooms and fitting himself,' Ray White's Adam Price said.
'I wish I'd bought an investment property when I was his age, especially with the market right now where even people in their 20s can't afford to buy.
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards
His plans include replacing the bathroom and kitchen, updating the lights and window furnishings, changing the carpet and polishing the floorboards
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update
The property's ad may have given him some ideas, suggesting the 40-year-old fittings could do with a major update
'He's definitely done well and I think he'll go very far.'
Akira learned his investment skills from renovation expert Cherie Barber after winning her Young Renovator's Scholarship Program.
Her company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments.
'He would give any seasoned property professional a run for their money and I have no doubt he'll become a powerful entity in the property world in the future,' Ms Barber said. 
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
 Ms Barber's company Renovating For Profit taught him about the market, and how to research and purchase property and structure future investments
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters
Akira also wants to refresh the roof and landscape the garden to boost the property value and make it more attractive to renters
The entrepreneur wrote a glowing Facebook post next to a picture of her and Akira on the day he closed the deal.
'So proud of my youngest student Akira, who is just 12 years old. 1.5 years ago, Akira came through my Young Renovators Scholarship Program, ever since he's been out doing his due diligence researching suburbs,' she wrote.
'Last night he found and negotiated he and his parent's first property in Victoria. I've been mentoring him on a regular basis and this kid is impressive!'


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