Can I invest in property before I buy a home?

The short answer is yes. With many people finding it hard to afford a first home, a popular property strategy is to invest first.

This is known widely as Renvesting, which offers a number of potential benefits and advantages.

With house prices in major capitals continuing to climb, by choosing to invest, you can purchase a property at a more affordable price point in a different region, meaning less of a deposit is required. In addition, the investment can provide attractive rental incomes and tax advantages, all which help in build wealth toward a home purchase down the track.

Rentvesting is also popular for people who wish to live in an area that suits their lifestyle and employment but may be well out of reach pricewise. This way they can enjoy popular living areas while still having a property asset to build wealth.

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