Benefits of Buying Over Renting

Did you know that 30% of Australians rent property? After a few difficult years, property prices are finally back to the same level it was at in 2016. 

With so many struggling to afford to buy, now is the perfect time for you to get on the ladder firstly as a home owner and then an investor.

We know there are benefits of buying over renting. Here are three:

1. You build equity – If you buy in an area that is growing in value, then you are building equity in your property. When the time is right, you can access this equity for other major purchases, like your dream home, or the next investment property
2. Your capital grows – Over the long term, your property will grow in value, if you buy in the right location with all the right fundamentals for growth. The key is to buy in the right location at the right time.
3. You have control – Anyone who’s rented before knows how restrictive it can be. You should have the freedom to do what you want in your own home.

However what if you can buy and stash that property away whilst you get on with life and live where you want? It is a novel concept and not one that is common but it can escalate your ability to achieve your financial goals.

Investors Choice Mortgages can show you how to be a homeowner in one year and an investor in two. How?We will teach you, but it involves buying your home, accessing all the grants and discounts you can and then turning that into an investment property. Not only do you have a home (you can fall back on in the future) but you can make it an investment property in the interim and live where you want. The best of both worlds. 

If you would like to learn more about the Framework to become a ‘rentvestor’ then visit our Facebook Group where we teach each of the steps to get you to Your Property Success. https://www.facebook.com/groups/firsthomefirstinvestment/