Through diligence, discipline, perseverance and a strong mentor, a young apprentice butcher from Brisbane has purchased his own property and become a landlord at just 18 years old.
From After-School Job to First Home
Lachlan “Lockie” James began working in his family’s butcher shop in Carina at 14, earning a modest weekly wage. Instead of spending his pay, he set aside nearly half of it every week, gradually building up his savings.
By the time he turned 18, he had accumulated $32,000, which became the foundation for his first property purchase. His commitment to saving was not accidental; Lockie said he wanted to set himself up for the future, and his consistent efforts show how discipline can pay off in a challenging housing market.
Financial Literacy Sparks a Plan
In 2024, a financial literacy session at Lockie’s school introduced him to a local mortgage broker who explained borrowing and investment basics. Lockie told him he planned to buy a property the following year.
The broker said Lockie became the youngest client he had assisted in more than a decade of work. Together, they built a budget and strategy that led to purchasing in Zillmere.
The Zillmere Investment
In 2025, Lockie purchased a three-bedroom ground-floor unit in Zillmere for $575,000, just 15 to 20 minutes from Brisbane’s city centre. The property, which includes a courtyard, rents for $575 a week, leaving him to cover about $250 weekly on the mortgage while living at home.
He chose to buy it as an investment instead of a first home, a move that boosted his borrowing power. With rising unit values and strong rental demand in Zillmere, the purchase set him up well for the future.
Family Support and Future Goals
Lockie’s parents said they were proud of his effort, noting he made the decision and worked hard for it. The loan was backed by a family guarantee, giving him the chance to use his savings for upfront costs instead of a cash deposit.
He hopes to buy another investment property within five years, with his mother promising him a car once he owns two. For now, he says the key is simple: save regularly, keep steady work, and avoid unnecessary debt.
Published 28-August-2025 with details from these sources: YouTube/10News and realestate.com.au
