With about 30% of all Australians now living in a rental, it’s clear “renting is the new owning”.
Census data shows that since 1991 the rental population in Australia has grown from 26.9% to 30.9% and home ownership has dropped from 68.6% to 65.5%. Also, almost as many Aussies now rent as own their property outright.
“Rentvesting” – buying an investment property in a cheaper location and renting a home elsewhere – offers a way into the market.
“A tenanted investment property can help you service a mortgage, puts you on the property ladder and allows you to claim appropriate tax deductions.”
