When it comes to investing, property is one of the best ways to build wealth in Australian.
This is why so many Australians invest in property or want to invest in property. Purchasing the family home is usually the first major investment a person will ever make and, usually buying another property is the second.
And this is usually before putting any money into shares or other investment assets.
While the general trend was for people to purchase an investment property after buying their own home, things have started to change as many young Australians are opting to first invest in small units before purchasing their home.
This is because they can rent an apartment out and accumulate funds, which can then be put towards paying for their own property. So, they stay at home or rent in another area, while purchasing a place they rent out.