Having a low income does not mean you cannot afford a property. A fresh graduate could start purchasing a home as early as three to six months upon graduation, according to Harith Faisal, property investor and author of Hipster Hartanah. His definition of hipsters come from Generation Y, commonly known as middle-class youngsters who choose to live in luxury and take pride in being offbeat. In his talk at StarProperty.my Konvensyen Hartanah, Faisal shared the insights on how young hipsters can purchase their first property. “Securing a down payment of RM10,000 is crucial in buying a first home, which would make up 10% to 15% of the price of your home. “The time wasted not securing a house is also value wasted over time,” said Faisal. He advised that one should always live according to their financial limit and never overspend. “Financial freedom occurs when one’s passive income could be used to cover monthly dividend for a property and also being free from debt,” said Faisal. “Most youngsters live by the rule of “You only live once” (Yolo) and spend their salary on wants instead of needs. “But the true formula in purchasing your first home is to live by the rule of save, invest and spend afterwards, as well as save, invest and make property an asset. “We need to invest because of the inflation rate in Malaysia that keeps increasing,” said Faisal. There are lots of ways to invest, from property investments, stock exchange, business to bank trust funds. According to Faisal, it is important to have a minimum of two sources of income from the investments. He shared his personal journey in property investment, which started off as a property investor by purchasing a sub sale property at the age of 24 when he was a fresh graduate. He now strived to educate the younger generations on property purchasing. His talk, titled “Hipster Hartanah: Bajet Orang Muda Beli Rumah Pertama”, has attracted numerous visitors at the exhibition. Konvensyen Hartanah was also the first fair to feature StarProperty.my’s Win A Home (WAH) Contest. Refer from Starproperty.my
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AuthorFrom Various Author articles. Jonathan de Ho & reference from others Author articles Archives
November 2023
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