news.com.au 24 Nov, 2021 03:15 am

Desperate to get on the property ladder? Consider ‘rentvesting’

Desperate to get on the property ladder? Consider ‘rentvesting’
Personal finance author Mark Bouris has urged Aussies desperate to get onto the property ladder to think about “rentvesting”, whereby you rent a dwelling to live in that fits your lifestyle while buying one that your budget can handle.

Australian housing values dwelling values have rocketed about 22 per cent in the past 12 months, far outstripping wage growth of 2.” RBC Capital Markets’ macro rates strategist Robert Thompson on Monday tipped a much more modest rise in dwelling values next year of 4 per cent followed in 2023 by a 5 per cent fall as higher interest rates begin to bite.“If you grew up in Paddington, you need to start thinking ‘should I buy in Lismore, Ballina, just to get on the property market?buy in Lismore, Ballina, regional, wherever you are, Orange, I don’t care - just get onto the property market.

“Just get onto the property market.’ Buy where you can afford, rent where you want to live,” Mr Bouris suggested.

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