Considering residential property for family investments options
One of Australia's favourite forms of investment over the years has been residential property, ...
One of Australia's favourite forms of investment over the years has been residential property, with its potential for capital growth and capacity to generate income on a regular basis making it a sound choice for many.
A recent trend noted by a number of statistical surveys has been the fact that younger people - particularly gen y - have been living at home for longer periods than past generations, or returning to the family home after a period of independence.
It could be that the competitive jobs markets mean that younger people are unable to find steady work on a regular basis - with most changing positions on an average of three year's - or that the behaviour is just a common trait amongst this demographic.
However, this does not mean that parents have to acquiesce to their demands immediately - after all they are adults and should be capable of paying their own way.
To this end, it is becoming more common for families to buy a home with the aim of renting it to relatives - giving them greater flexibility and control over tenant behaviour and payment methods.