Rising Sydney prices were pushing more buyers towards rentvesting, renting where they want to live while purchasing an investment property in a cheaper market. PIPA’s 2020 survey showed roughly six in 10 investors were open to the approach, and the share of first-time investors already doing it had climbed to 44 per cent from 34 per cent. Risks flagged included capital gains tax, ineligibility for first home owner grants and the chance of weak capital growth.
Reported by
Grant Foley, The Property Tribune, 20 April 2021
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