How a 25-year-old university graduate bought a $525,000 townhouse in Melbourne


How university graduate, 25, earing a modest five-figure wage saved enough to buy her first home $525,000 – and the simple way you can do it too

  • Melbourne woman buys $525,000 home after graduating from university
  • Jess Nguyen, 25, purchased a two-bedroom townhouse in St Albans in March
  • Civil engineer says her single mother taught her the value of money and saving
  • She worked as a waitress during university and limits ‘treats’ like daily coffees










A 25-year-old civil engineer has revealed how she was able to buy a $525,000 home after graduating university.

Melbourne woman Jess Nguyen is the proud owner of a two-bedroom townhouse in St Albans, a suburb just 16km north-west of the city’s CBD. 

Ms Nguyen said she was able to buy the brand new house due to her strategy for saving her hard-earned cash.  

Jess Nguyen, 25, has revealed how she was able to purchase a $525k townhouse in St Albans, just 16km northwest from Melbourne's CBD

Jess Nguyen, 25, has revealed how she was able to purchase a $525k townhouse in St Albans, just 16km northwest from Melbourne’s CBD

Ms Nguyen said by limiting 'treats' such as coffees and alcoholic beverages she was able to put a $25,000 deposit on the two-bedroom townhouse (pictured)

Ms Nguyen said by limiting ‘treats’ such as coffees and alcoholic beverages she was able to put a $25,000 deposit on the two-bedroom townhouse (pictured) 

Ms Nguyen put aside $2,500 to $3,000 every month by limiting ‘treats’ such as coffees and alcohol, news.com.au reported.

While the 25-year-old now enjoys a modest five-figure salary she has been practising good spending habits since high school.

As a teenager Ms Nguyen purchased her own phone before setting her sights on getting braces and a new car in university. 

She said she learnt good spending habits by listening to budgeting and financial freedom podcasts and growing up with her single mother. 

‘I guess from a young age, I became aware that my mum could not afford to buy everything we wanted,’ she said.  

While the 25-year-old now enjoys a modest five-figure salary she has been practising good spending habits since high school (pictured, an artists impression of St Albans development)

While the 25-year-old now enjoys a modest five-figure salary she has been practising good spending habits since high school (pictured, an artists impression of St Albans development)

The engineer’s hard work finally paid off when she put down a $25,000 deposit for the St Albans townhouse in March.  

The initial 10 per cent deposit had been reduced to five per cent by the developer, with most of the townhouses in the development already built.  

Ms Nguyen worked as a waitress earning $18-20 an hour through university and said it was these savings that she used for the initial deposit on the townhouse.  

The 25-year-old has been living at home with her mother and one other sibling with whom she splits all of the household bills. 

The university graduate plans to save another $90,000 by the time she settles the the property halfway through next year.  

Ms Nguyen admitted she has always been mindful of spending money and budgets what she splashes on everyday essentials, food and skincare. 

The 25-year-old civil engineer also budgets what she spends on everyday essentials, food and skincare (pictured, an artists impression of the St Albans development)

The 25-year-old civil engineer also budgets what she spends on everyday essentials, food and skincare (pictured, an artists impression of the St Albans development)

However she also has ‘buffer money’ on the side that helps keep her on track with her ambitious saving goals. 

‘If I put too much money back into my savings, I’d keep dipping into it,’ she explained.  

Ms Nguyen advises others trying to save for their first home to create reasonable goals while still remaining flexible. 

‘Setting goals can feel really motivating and gives you the self-confidence that you can achieve whatever you set your eyes on,’ she said. ‘You also to learn to distinguish what you value and what you don’t.’

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Written by bourbiza

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