Are You First Investing In Property Needn’t Be Your Home.
Property has been a popular route to wealth for many Australians for many years. Buying their own home is often the first ‘investment’ many people make; purchasing another property may well be the second – even before shares and other assets. But your first Investing in property needn’t be your home. Indeed, buying a small apartment to rent out can be a good way to accumulate funds so you can eventually buy your own place, in an area where you want to live. Increasing numbers of young people are choosing this route, buying in one suburb while renting in a more desirable and expensive area – or living at home for a while longer.