Core Insights - The article discusses the challenges faced by first-time homebuyers in Australia, particularly the limitations of government subsidies for young investors [1][3] - It highlights the experience of a young landlord, Gibson Pham, who has shifted his strategy away from relying on subsidies to investing in properties directly [1][6] Group 1: Government Subsidies - Current subsidies for first-time homebuyers may not be beneficial for many young individuals and could potentially lead to financial difficulties [1] - These subsidies typically require homeowners to reside in the property for at least six months, which restricts options for those with work or family commitments [3][4] Group 2: Investment Strategy - Pham allocates nearly 60% of his income towards real estate investments and has opted to explore properties in more affordable, remote areas due to high prices in Sydney [1][3] - He purchased his first property in Rockhampton for AUD 465,500 with a down payment of AUD 70,000, incurring total costs of approximately AUD 90,000 including stamp duty and fees [6] - Pham's savings rate ranges from 50% to 60%, aided by living at home, and he plans to invest in another property in Townsville within two months [6][8] Group 3: Support and Resources - The use of buyer's agents has provided Pham with more options and confidence in his investment decisions, despite not having seen his first property in person [8] - He emphasizes the importance of having a reliable strategy and building a supportive team to achieve investment goals [8]