Is 'rentvesting' the new property buyers 'Australian Dream'?
Farzana Haroon11 Sep 2017
When we talk about the great Australian dream, for many, we imagined owning a home somewhere in the suburbs sitting on a quarter acre block. However, the housing affordability crisis in Australia is forcing first home buyers to take extraordinary measures to either purchase their home a long distance out from the city or settle for a smaller property such as a unit, apartment or if you’re lucky a townhouse. Today, the great Australian dream is unique to the individual. For some the dream of owning a backyard seems unachievable, while for other Aussie buyers, typically those in Gen Y who are not willing to sacrifice their lifestyle, opting to ‘rentvest’ to get a foothold into the property market is the ideal pathway.