Lara Jordan in her house boat on the Brisbane River. Picture: Jamie Hanson.WHILE her friends are saving for a deposit on their first home, Lara Jordan is living it up mortgage free on the Brisbane River.After deciding buying a house wasn’t financially viable, the 36-year-old computer programmer put her money into a more affordable living arrangement — a house boat.For $52,000 — half the average 20 per cent house deposit in Brisbane — the Millennial reckons she’s living the great Australian dream.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE“I was initially thinking about buying a tiny house, but realised the price of land was the problem,” she said.“Then I came up with the house boat idea.“All my friends here don’t have a house — they rent because they’re priced out of the property market by investors and retired people.”While her friends are still saving for a house deposit, Lara Jordan decided to invest in a more affordable living arrangement — a house boat. Picture: Jamie Hanson.As well as not having a mortgage, Miss Jordan has hardly any bills to pay and enjoys being able to live sustainably and minimise her impact on the environment.JAWDROPPING HOME LICENSED FOR 160 PARTIES A YEAR“I have gas for hot water and cooking and solar installation for everything else, and the water comes from rain water so it’s very, very low impact,” she said.“I don’t pay rates, and living on my own, I recycle most things and have very little rubbish.”More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoShe commutes to work in the city via a dinghy, followed by a quick train trip.Lara Jordan inside the house boat she bought instead of a house. Picture: Jamie Hanson.But despite all its benefits, Miss Jordan admits her humble abode is “tiny”, measuring just 4 x 8 metres with one bedroom and a combined lounge and kitchen.“I think it’s a bit easier because I’m single and don’t have kids.”Miss Jordan used an online investment adviser to help her save the money to buy her alternative living arrangement.Stockspot chief executive Chris Brycki admitted Miss Jordan’s case was unique considering many of his clients were saving for a house deposit or big ticket items, such as weddings, travel or cars.NO DELUSIONS OF GRANDEUR HEREThe company, which invests in Exchange Traded Funds (ETFs) and offers what has come to be known as robo-advice, has been operating for four years and generates an average annual return for its clients of 6 to 9 per cent.He said most of Stockspot’s clients were aged between 25 and 45 and could invest as little as $2000.“A lot of people don’t know what to invest in and do their own stock picking or listen to tips — that’s a really risky strategy,” Mr Brycki said.
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