Rental route to retirement

Jake bought his first home in Sunrise Beach at just 19-years-old.

By JOLENE OGLE

At 22, Jake Sudrajat has landed a sales position with one of Noosa’s most prestigious real estate agencies, already owns two homes, and plans to retire with 10 more homes in his portfolio.
Selling real estate has always been a passion for Jake, who describes himself as a “home nerd”, having watched property shows throughout his childhood.
“I used to watch shows like Hot Property as a kid,” he said.
“I’ve always been interested in how people buy, sell and renovate their homes. I’ve even applied for (reality TV show) House Rules in the past and I love watching The Block.”
The former St Teresa’s Catholic College student has now joined the Richardson and Wrench Noosa sales team and said he is looking forward to helping more young people secure their first home, which he admits is not an easy achievement.
“When I was a teenager, I worked three jobs to save half the deposit for my first home,” Jake said.
“When I reached halfway, my mum chipped in the rest to help me get started.
“I bought an apartment in Sunrise Beach as my first home. It’s hard to do it on your own.”
Since buying his first apartment, Jake has secured a home in Tewantin where he now lives with his girlfriend, Jaymee.
“To get the second home, my girlfriend and I moved into her parent’s granny flat and let-out the Sunrise Beach apartment,” he said.
“We did that for a while until I could use the equity to buy the Tewantin home.”
Despite having two mortgages, Jake said he’s never felt like he missed out on life.
“My mates and I used to go out at least twice a week, so I don’t feel like I missed out while I was saving,” he said.
“I used to go out and then run on four hours sleep the next day when I worked at the coffee shop.
“But I settled down after I bought my first apartment.
“The only thing I would like to do is travel more, which is hard to save up for when there are two houses.”
Landing a job with Richardson and Wrench Noosa is only the beginning for Jake, who plans to continue buying homes until retirement.
“I would love to retire with at least eight to 10 properties in my portfolio and use the income to fund my retirement,” he said.
Jake, who has lived in Noosa all his life, said he plans to stay in the region and raise a family here.
“Noosa is the prefect family spot,” he said.