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Australian homebuyers urged to consider ‘alternative ownership paths’

Press coverage 7 September 2023 Summary of published coverage
Australian homebuyers urged to consider ‘alternative ownership paths’

First home buyers were encouraged to consider rentvesting after PropTrack found the average deposit now takes close to six years to save, with 20 per cent of the capital city median requiring about $162,000. Investors and buyer’s agents said buying cheaper properties elsewhere while renting could work, provided purchasers chose investment grade assets and held them for at least five years.

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