Are you leasing for decades, experiencing like purchasing a house is getting further and further away from reach?
The median price in Sydney is still over a million dollars and in Melbourne, about $810,000 despite the recent dip in property prices.
But just what if there is one other way? For a number that is growing of, rentvesting permits them to have the very best of both globes — renting where they wish to live and purchasing a good investment home where they are able to pay for.
Within the ABC’s individual finance task, we have taken a glance at the required steps to become a rentvestor.
Investing in a homely home can appear impossible when you are solitary
Cayla Owins really really really loves staying in Melbourne, but could not manage to buy here.
Therefore alternatively, the 33-year-old invested 5 years saving up about $35,000 for a home deposit and tried it to get a good investment home in Bendigo, in local Victoria. Read the rest of this entry