WHAT IS ‘RENTVESTING’?
Buying your first home in Australia is no easy thing to do. It is very difficult to save a deposit and enter the housing market in an area you want to (and need to) live in due to employment, study, family and lifestyle factors.
A growing trend in Australia is younger Aussies buying their first home as an investment property (and renting it out) while renting (or staying at home with the parents) in an area that you need to live in. This is rentvesting.
But why would you buy a home to invest in rather than live in??
Quick example of Rentvesting
Say you want to buy a three-bedroom home in Melbourne’s inner ring, but the house prices in the area mean these homes are out of your reach (budget). You could try and save more. You could give up and live in an outer ring area. Or…..by Rentvesting you may be able to rent in an ideal property you want to live in right now (i.e. inner ring), while you also buy a property in a outer ring area where prices are more affordable and rent this out (as an investment property).
HOW CAN FHBA HELP ME RENTVEST?
THE RENTVESTING PROCESS
Get started now
Are you interested in one of the loans mentioned above? Or would you like more information on the home loans that are available to you? Simply complete the form below and a first home buyer expert (Broker/Coach) will be in touch with you: