I like your style dazzling and I think your on the right track but I also would stay at home(free rent or nearly free rent)

I’d buy something that will increase, a house.

Use as much equity in the old folks home as possible as long as you can cover the payments and tell them that once you can stand on your own two feet you’ll move.

Use the value added while reducing debt and re finance after 3-4 years, renting all this time if possible pay the equity back to mum and dad leaving say $5,000.00 (leave the loan accessible if possible try not to pay it out as it available funds).

Get 4 mates to do the same with their folks
make sure that the four houses are next to each other and are in a good area and if possible on a possible da unit areas( syd 3a ).

Come to one of us.

Build 15 to 20 units as a jv partner.

You put in your land we build.

Profit split depending on the structure.

Pay for mum and dad to go on a world trip for helping you out.

As for moving out I left at 16 and think that not only is it a financial thing but also you can do what ever you like and when you like( depending on the laws of that state or country).

I’m with dazzling I’d be going for the first hat but use all and any equity possible as its dead unless used.

In the above I’d also organise an accountant and a solicitor from the start its alot easier to organise now then later.
Saving it ok but leveraging and business are alot more fun.

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