Everand Logo

Welcome to Everand!

  • Money Magazine

    Love where you rent

    Sep 04, 2019 5 minutes
    STORY NICOLA FIELD

    Can’t afford to buy in the area where you live? There is a way to enjoy the lifestyle of your favourite suburb and still get a foothold in the property market. Rentvesting – owning an investment property while renting where you live – is gaining traction. Research from Property Investment Professionals of Australia shows a third of first-time buyers are shunning the owner-occupied dream and instead investing in a property and continuing to be tenants elsewhere.

    While it can offer the best of both worlds, rentvesting calls for plenty of research to be sure it stacks up as an alternative to buying a home. On this score, Angus Raine, executive chairman of the Raine & Horne property group, doesn’t mince his words. “Today we have historically low interest rates and more affordable home prices,” he says. “It’s time to stop

    You’re reading a preview, subscribe to read more.

    More from Money Magazine

    Money Magazine3 min read
    Letter Of The Month
    Paul's response to Tamara about her teenagers’ interest in shares (Ask Paul, February) is insightful. Might I add that an excellent way for teenagers (or anyone, for that matter!) to learn about shares is the biannual ASX Sharemarket Game. Her childr
    Money Magazine4 min read
    Beware The AI Magic Show
    In 1770, at a lavish party in a Viennese parlour, the inventor Wolfgang von Kempelen unveiled his latest invention with a flair that Steve Jobs would have been proud of. To the wonderment of the audience, he revealed a large wooden box with a chessbo
    Money Magazine2 min read
    Avoid The Rush To Prepare Tax Return
    As we approach the end of the financial year, thoughts may be turning to preparing your tax return. You must be able to substantiate your deduction claims, which for many taxpayers can mean a mad scramble to find invoices/receipts. So now is a good t

    Related Books & Audiobooks