Buying a house might seem impossible for some. But this young woman did it by rentvesting

Have you been renting for years, feeling like buying a property is getting further and further out of reach? "Rentvesting is attractive largely because it provides access to the tax advantages of residential property ownership and the scope to share in wealth gains from generally rising property values, even if the area where you want to live for work and lifestyle reasons is a place affordable to live in only as a tenant," he said. TLDR, rentvesting pros and cons Pros Live where you want to – flexibility Getting a foot in the door of the property market Additional income Tax deductions Cons You still have to rent May miss out on the first home buyers grant Unlike if you buy a house to live in, you may have to pay capital gains tax when you sell Rental prices may fall Property prices may fall in the area Dr Nicole Gurran, a housing expert from the University of Sydney, says investing in property is "part of the national psyche". "I like to move houses every 3-4 years, get a fresh house, new surroundings, get to know the place, local coffee shops and all those things," Ms Sharma said. "If they're geared at 90 per cent, all that has to happen is tenant vacancy rates increase, or interest rates lift, or there's a change in legislation — they're exposed," she said.