For Generation Y-ers, now is the time many of us are considering buying our first property.
If the deposit we are required to put down doesn’t scare us off first, it’s coming to the realisation that it’s likely we won’t be able to afford to purchase in the suburbs we’d prefer to live in.
So, where does that leave us?
Our parents have drummed into us that ‘rent money is dead money’ so the sooner we can enter the property market, the better.
We immediately think that we need to buy a property that we can live in, but what if there was another option?
The below article discusses how property invetsing while renting is possible and why in fact it may be a better option financially than going down the owner-occupier path right away.
There are many benefits of doing so such as manageable weekly out of pocket expenses, smaller deposits and numerous tax benefits – not to mention the beginning of your very own property portfolio.
If you would like to know more about property investing while renting, please contact us.