What is rentvesting?
Becoming a rentvestor can get you into the property market quicker, without compromising your lifestyle.
Rentvesting is a property investment strategy that enables investors, most commonly first-home buyers, to get a foot on the property ladder without compromising their lifestyle. And the trend is booming. Research by Mortgage Choice shows that in 2017 more than one quarter of investors bought an investment property before an owner-occupied dwelling, making ‘rentvestors’ a new breed of lifestyle-conscious, market-savvy investors who choose to buy where they can afford and rent where they want to live.
But not all rentvestors are looking for a first-home buyer investment. Some successful property investors2 use rentvesting as a way of adding to their portfolio without taking on too much debt, while at the same time having the flexibility to live where they choose. Not only is the rent they pay more affordable than the mortgage repayments on the same dwelling, but they can also take advantage of lucrative tax benefits on the property they own.
Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.
Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.