{"id":17781,"date":"2017-03-07T09:52:09","date_gmt":"2017-03-06T22:52:09","guid":{"rendered":"https:\/\/www.purefinance.com.au\/?p=17781"},"modified":"2020-11-23T12:44:25","modified_gmt":"2020-11-23T01:44:25","slug":"rentvesting","status":"publish","type":"post","link":"https:\/\/www.purefinance.com.au\/rentvesting\/","title":{"rendered":"Rentvesting"},"content":{"rendered":"<p>One of the hottest topics surrounding the property market grapevine at the moment,\u00a0helped along by the recent #avocadogate scandal (yes, we are looking at you,\u00a0Bernard Salt) is the plight of the Millennials, or more specifically, millennials trying to\u00a0enter the property market.<\/p>\n<p>Social commentator, and now enemy of hipsters everywhere, Salt argued in his\u00a0column for The Weekend Australian Magazine: \u201cI have seen young people order\u00a0smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and\u00a0more. Twenty-two dollars several times a week could go towards a deposit on a\u00a0house.\u201d<\/p>\n<p>Reactions to the column reached fever pitch, which we think indicates the need for a\u00a0bit of clarity around the issue.<\/p>\n<p>So, what are the stats?\u00a0Over the decade ending 2013;<\/p>\n<ul>\n<li>The 45-54- year-olds saw their wealth grow by $163,000 (23%),<\/li>\n<li>The wealth of the 55-64- year-old category had an increase of $174,000 (19%),<\/li>\n<li>And 65-74- year-olds had an increase of $216,000 (27%),<\/li>\n<li>While millennials, on the other hand, experienced a $10,400 loss in wealth (-\u00a04%).<\/li>\n<\/ul>\n<p>The rising cost of property, coupled with a reduced amount of wealth compared to\u00a0other groups, has forced most millennials to either rent or live with their parents.<\/p>\n<p>But all is not lost! For these Gen Y-ers, it needs to be all about strategy.<\/p>\n<p><strong>Introducing: The \u2018Rentvestor\u2019<\/strong><\/p>\n<img decoding=\"async\" class=\"aligncenter wp-image-17444 size-large\" src=\"https:\/\/www.purefinance.com.au\/uploads\/2016\/07\/DSC_0041-1-1024x577.jpg\" alt=\"\" width=\"1024\" height=\"577\" srcset=\"https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-1024x577.jpg 1024w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-300x169.jpg 300w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-840x473.jpg 840w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-1720x968.jpg 1720w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-992x558.jpg 992w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-768x432.jpg 768w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1-544x306.jpg 544w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2016\/07\/DSC_0041-1.jpg 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\n<p>The Rentvesting mantra is: Buy where you can afford, rent where you want to live.\u00a0The strategy itself is simple enough. Buy a property in an affordable area, with good\u00a0returns, and rent it out to cover the mortgage repayments, while renting in an area\u00a0that you want to live in. This strategic approach to home ownership will help you get\u00a0your foot in the door, so you can build equity, and move onto bigger and better\u00a0investments in the future.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Advantages of 'Rentvesting'<\/strong><\/p>\n<p><strong><em>Enter the market. . . sooner<\/em><\/strong><\/p>\n<p>By buying a more affordable property, the amount needed upfront will be significantly lower (reducing the need for large savings), allowing you to enter the property market sooner.<\/p>\n<p><strong><em>Keep things flexible<\/em><\/strong><\/p>\n<p>Known as the generation to change it\u2019s mind, rentvesting allows Millennials the flexibility of knowing they can relocate at any time (be it for work, lifestyle etc.) without any adverse consequences to their investment.<\/p>\n<p><strong><em>Tax benefits<\/em><\/strong><\/p>\n<p>Renting out an investment property can have many tax benefits. Have a chat with your accountant about your personal financial position, and how you could benefit.<\/p>\n<p><strong><em>Lifestyle<\/em><\/strong><\/p>\n<p>At Pure Finance, we are huge fans of avo on toast ourselves, and would hate the thought of having to give it up. Rentvesting is a great strategic way for you to get that foot in the door of the property market, without too much compromise on lifestyle.<\/p>\n<img decoding=\"async\" class=\"aligncenter wp-image-17814 size-large\" src=\"https:\/\/www.purefinance.com.au\/uploads\/2017\/03\/DSC_0161-1-1-1024x577.jpg\" alt=\"\" width=\"1024\" height=\"577\" srcset=\"https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-1024x577.jpg 1024w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-300x169.jpg 300w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-840x473.jpg 840w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-1720x968.jpg 1720w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-992x558.jpg 992w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-768x432.jpg 768w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1-544x306.jpg 544w, https:\/\/www.purefinance.com.au\/wp-content\/uploads\/2017\/03\/DSC_0161-1-1.jpg 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\n<p>&nbsp;<\/p>\n<p>So, millennials really can have their avo on toast, and caf\u00e9 menus with small font and milk crates for seats, AND cake and eat it too!<\/p>\n<p>Take that, Bernard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have your Avo on toast, and eat it too: Why millennials should consider \u2018Rentvesting\u2019.<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"financial_goals":[],"class_list":["post-17781","post","type-post","status-publish","format-standard","hentry","category-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rentvesting - Pure Finance<\/title>\n<meta name=\"description\" content=\"The rising cost of property has forced most millennials to either rent or live with their parents. 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