---
title: WHY RENTING IS THE NEW OWNING
description: Why renting is the new owning
image: https://www.inceptioninsider.com.au/hubfs/yann-maignan-376934-unsplash.jpg
---

WHY RENTING IS THE NEW OWNING

![yann-maignan-376934-unsplash](https://www.inceptioninsider.com.au/hubfs/yann-maignan-376934-unsplash.jpg)

##### Posted on: 19 Jun 2018

# WHY RENTING IS THE NEW OWNING

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.”

Read the full article [here](https://www.realestate.com.au/advice/renting-new-owning/)

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