The rise of the ‘rentvestor’
By Sarah Millar
14 Jul 2015
Young renters keen to maintain certain lifestyle factors are increasingly looking to buy investment properties in more affordable suburbs and rent closer to the city.
The ‘rentvestor’ trend has been identified in a new white paper on young people and the property market.
The report, by LJ Hooker estate agents, identifies five new trends for under 30s in the property market. Top of the list is the ‘rentvestor’.
“This buyer is currently renting and loves their lifestyle and doesn’t want to relocate from the area where they are presently living,” the report says.