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Investing in property makes sense, investing in the right property takes knowledge. Welcome to the Rewarding Property Decisions podcast. Join me, Jarrod McCabe of Wakelin Property Advisory, for expert insights into the fundamentals, trends and opportunities to help you create long term wealth through smart property decisions.
Episodes
Wednesday Jul 24, 2024
From Occupier to Owner: Tenants bid to buy the property they rent
Wednesday Jul 24, 2024
Wednesday Jul 24, 2024
With Melbourne property prices remaining subdued, the gap between rental costs and mortgage repayments has narrowed, which means first-time buyers, particularly renters, are finding homeownership more attractive and attainable.
This shift is leading to an unusual trend: renters are increasingly able to purchase their rented properties from their rental providers.
Historically, while common to express interest, such transactions rarely materialised. Now, we're observing a shift where these intentions are frequently turning into successful property purchases.
Jarrod is joined by Wakelin's property management expert and buyers' agent, Jordan Telfer, to explore this trend.
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