Investors, particularly millennials, are increasingly embracing rentvesting – buying properties to rent out while continuing to rent themselves – fuelled by low vacancy rates and soaring rents in the property market, according to James Chase Buyer’s Advocacy.
Millennials drive growth in rentvesting
ABS reported a significant 21.5% increase in the value of new investor loans this February compared to last year, with these loans accounting for more than half of the annual growth in new loans.
Surprisingly, it is not older generations but millennials who are leading this investment surge, increasingly opting for rentvesting due to its flexibility and wealth-building potential.
“We’re seeing a surge of millennial clients who are eager to enter the market through rentvesting,” said George Cherchian of James Chase Buyer’s Advocacy. “They do their research and they’re not afraid to make bold moves if the numbers add up.”
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