Sydney renter says ‘homevesting’ could help him escape the rental crisis - realestate.com.au

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Sydney renter says ‘homevesting’ could help him escape the rental crisis - realestate.com.au
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But after securing a room in a shared townhouse in Burwood for just under $300 a week, bills not included, he was inspired to take matters into his own hands.His current landlord was ‘homevesting’ – renting out a couple of rooms in their own home to help pay down their mortgage.

“It’s not your place – you feel like you’re a temporary guest there and that’s not a good position to be in.” He said those considering homevesting should look to suburbs that are either central to major metro hubs, such as the city or Parramatta, or close to universities and tafes. He said it’s important for homevesters to speak with their accountant about any tax implications that could arise.

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