LIKE millions of Australians, Emilia Rossi is a tenant.
But unlike most of those tenants, Ms Rossi also owns four investment properties across three states.
She is among a growing breed of real estate investors who chose not to own their own home. Known as “rentvesting”, the strategy sees people using investment property growth to build a deposit, or they rent a property that fits their desired lifestyle rather than what they can afford to buy.
“There is no benefit for me in living in what I own,” said Ms Rossi, 34, a digital consultant, lifestyle blogger and co-founder of online wedding marketplace Capriess.
She said building wealth through property investment was a major goal, and renting while investing freed up cash flow for investments and her businesses. “These properties are purely part of my investment strategy … this allows me to increase my cash flow and live a luxurious city lifestyle at minimal cost.”
Research by ME has found that one in 10 first home buyers are choosing to buy as an investor while renting a place to live.
Recent Comments