Young Investors Reaping Property Rewards
A well-considered investment property can double in value in as little as 10 years. With the old adage ‘time is on your side’ in mind, Australia’s enthusiastic young investors are getting into the property market early and reaping significant gains.
Key Motivations to Buy
Younger investors are getting started as early as 18 or younger, or as soon as they’re able to work. According to a 2011 survey by Mortgage Choice, setting up oneself financially is one of the top motivators for younger investors.
Other reasons included not being ready to own their first home, wanting to get a head start in the market, and not yet being able to afford to purchase their dream home. The same survey found that 77 per cent of Generation Ys were already making lifestyle sacrifices to achieve their property goals.