Research released by the Property Investment Professionals of Australia (PIPA) has revealed approximately 36 per cent of first-time buyers are looking to invest in property instead of purchasing a home.
Many first-timers are opting to improve their financial futures by investing in more affordable locations while renting where they desire.
This concept of ‘rent-vesting’ is certainly gaining popularity and is here to stay.
Current market conditions are making it easier for first-time buyers when it comes to purchase prices, however lending restrictions and complexities are making it more difficult for some to secure finance.
For more info and to see if rent-vesting is right for you, contact us at Your Future First on 03 9362 1458 or email andy@yourfuturefirst.com.au