Rent Vesting: Because Your Backyard Might as Well Be in Woop Woop
G’day, mate. So, you’re living in Sydney, Melbourne, or another capital city where house prices make a smashed avo on sourdough look like a bargain. You’ve crunched the numbers, stared at your bank account, and realised that buying a home within a 50-kilometre radius of your workplace would require selling a kidney and your collection of Bunnings snag vouchers.
What the Bloody Hell is Rent Vesting?
Imagine this: you keep renting your cozy apartment next to that café that charges \\$7 for a flat white (because you’re a millennial, and it’s the law). But instead of crying into your overpriced coffee about never owning a home, you buy an investment property somewhere actually affordable…
Why It’s as Smart as a Double-Shot Espresso
- Foot in the Door: Capital city property prices are like a kangaroo on a trampoline
- Tax Perks: Negative gearing isn’t just a fancy term for losing money
- Flexibility: Want to move closer to the beach? No stress
The Catch (Because of Course There’s a Catch)
Rent vesting isn’t all rainbows and Tim Tams. You’ll need to:
- • Play Landlord Bingo with emu-wrecking tenants
- • Accept your “home” is still a rental
- • Bet on regional markets more unpredictable than Melbourne weather
How to Rent Vest Like a Pro
Buy where everyone else is fleeing to – think Geelong or Newcastle. Get a mortgage broker who’s wrangled a kangaroo. Embrace the landlord life with possum-infested roofs and Bunnings road trips.
