"Life is short so, by 'rentvesting', you can still live the lifestyle you want while making contributions to your savings through an investment purchase elsewhere."
It's not without its risks either – there could be an extended vacancy at your investment property, the gap between what your tenants pay and your mortgage could become too large, and of course there's no guarantee your investment will grow in value.Millennials have it harder - statistically - than ever before to purchase a property in Australia.
"Another great way to enter the market is by 'buddying up' with a friend, family or colleague and purchasing a property together. This is a fantastic way to make your first investment if you don't have enough for a deposit on your own," Ms Christofi said.
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