People Smuggling Now Best Way To Crack Sydney Property Market — The Shovel

People Smuggling Now Best Way To Crack Sydney Property Market

With house prices becoming increasingly unaffordable, more and more Australians are saving for their first home deposit by taking a gap year as an Indonesian people smuggler.

“It’s a guaranteed income, it’s good money, and it’s a chance to travel too,” Sydney man Brendan Maroney said today. He’s already saved $120,000 by skippering four trips from Jakarta to just off the coast of Jakarta.

While that may only be enough for a deposit on a bedsit in Penrith, he hopes to have saved enough to buy a four bedroom bungalow in Mosman by year’s end. “The living costs are really low over here, so you save most of what you earn”.

John Forsett, a financial advisor, says people smuggling is a smart way for young Australians to break the renting cycle. “There’s an opportunity to earn a wage on both the outward and inward journey, so it can really add up. Plus, it’s totally tax free, and the money is from the Australian Government. It’s a great business model”.

Brendan Maroney says he’s made lifelong friends on his gap year, many of them Australian naval officers that he’s met at the turn around point. “We have a bit of a laugh – they’d kill for the wage I get!”

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