More people are rentvesting but is it the strategy for you?
From borrowing capacity calculations to long-term strategy determination, investors need to be confident rentvesting is the right move before they sign a contract.
For first home buyers who want to live in an apartment like this one in Melbourne, buying property in a cheaper area may be the strategy to achieve home ownership. (Image source: Shutterstock.com)
Rentvesting has become a popular phrase and concept in recent years. It literally refers to those investors who choose to rent and invest at the same time, as opposed to the traditional way of buying a home and paying it down.
Rentvesting has become popular, particularly among younger Australians who choose to rent where they want to live in the short term and invest where they believe their money can best serve them.
Australian Bureau of Stati…
