Rentvesting?
A growing number of savvy first home buyers are getting on to it. It is a new path of wealth creation, without sacrificing your favourite suburb.
Find a property with an associated mortgage you can afford, then rent it out. The twist for a brilliant rentvestment, would be one that actually receives income greater than the expenses. This income can accelerate your own savings, or increase your equity faster with accelerated repayments, either way, it’s a win for you.
Positively geared properties are still available, but you need to do your research. In the Adelaide market I would also recommend searching for a free standing house, rather than a unit. Avoiding a unit, or any community or strata title property , will keep life and expenses under your control, keeping your long term options open.
For more Pros and Cons download this fact sheet.