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ARTICLE · 30 AUGUST 2018

A millennials dream: To lease a house

Coleman Greig Lawyers
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Maybe millennials should rent a home in the ideal location and purchase an investment property in an affordable location.

AustraliaReal Estate and Construction
Andrew Grima
Andrew Grima
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Whilst we are all well acquainted with the idea that owning a house is a big part of what many would see as 'the Australian dream', this may be about to change, with millennials (many of whom still have their sights set on leasing) expected to represent 43% of buyers in the next three years.

Millennials are considered strategic, and many seem to have found the answer to living where they want whilst ensuring a certain level of financial security. With house prices still 31% higher than they were 5 years ago, buying a home near work in a bustling city (i.e. Sydney and Melbourne) often isn't feasible.

The answer? Rent a home in your ideal location and purchase an investment property in an affordable location.

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