RentInvest


2nd March 2016
By Scott Pfeiffer
RentInvest
"My children will never be able to afford to purchase property," is a comment I often hear from parents. 
Young people can buy property in a way that is very affordable. Our article this month shows how. Arrange a meeting with us now to find out how affordable it can be.

It can be the best of both worlds: renting where you want to live and buying an investment property elsewhere.
    
As property prices increase, more and young people are saying how can I ever buy a home? Home ownership still remains the number one financial goal for Australians, yet it’s becoming a harder goal to achieve for many young people, especially in the areas they want to live. 

The standards we all expect have risen, too. Many people today want a good dwelling close to work and in a socially happening location. It’s one reason why the price of inner city Australia has risen so dramatically.

Young people are not just having fun. Through study, starting careers and even looking for a partner, they’re preparing for the next phase of their lives. Finances are a crucial part of this. Even if you’re not thinking about buying that dream home yet, it’s never too early to get a foot on the property ladder. 

By rent investing, or staying at home with the parents while owning an investment property, you can grow the amount of capital you will eventually be able to use for a home deposit while still continuing to explore what life has to offer. 

Rent investing caters well to the flexibility many young people want from life. They might prefer to live with friends, by themselves, or they might experience working interstate or overseas. This is much easier to do with an investment property than when you own your own home. Your investment stays the same no matter where you are. 

Another advantage of rent investing is that it allows you to buy in markets that may be experiencing strong growth even if it’s not somewhere you want to live.  If you only have a small deposit, it might be more affordable to buy in one of these areas too.  

Pfeiffer Property is a one-stop property investment service that can help you work out how much you can afford to spend, organise finance, advise you on where to buy and put you in contact with trusted property managers. Why not call us to find out more on how you can get ahead with minimal disruption to your lifestyle?

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