BUYING your first property is a daunting task for any adult let alone a teenager.
A 13-year-old Gosford boy has become one of the youngest property investors in Australia.
Akira Ellis was the inaugural winner of the Young Renovator's Scholarship Program established by Renovating For Profit founder Cherie Barber.
The program teaches young, budding property entrepreneurs the ins and outs of the market, how to research and purchase property, and how to structure future investments.
The teenager sought out the investment property by himself, purchasing in Frankston, Victoria, in a joint venture with his parents Frank and Mychel and his brother Oliver and sister Saskia. The siblings even contributed some of their pocket money.