Why every Australian should consider rentvesting
Buying an investment property in an affordable suburb while renting and living in a more desirable area can be the stepping stone towards a property portfolio and financial security.
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There is no secret buying a home is tougher than ever, especially amid rising interest rates, tough lending conditions, tight household budgets and high prices.
The mission may however be possible if you adopt a rentvesting strategy.
Rentvesting means buying and renting out an investment property in an affordable area, while continuing to pay rent and live in your desired location.
Canstar modelling suggests a single person would need to earn …
