Nicole Haddow

Maybe they're building a startup from scratch and that's how they intend to make their money.

My concern is that if you get to retirement and you don't own your home and you don't have enough in savings and superannuation to live for the next 30, 35 years, you've got a challenge on your hands.

You really need to be certain that you are going to have enough money in the bank to cover your life and your health care for the rest of your life after you retire.

So, my other concern is if it's not your own home, then you need to consider what it means in terms of your landlord kicking you out because they've decided to sell.

The instability, if you're renting in your 70s or 80s, is obviously not going to be ideal.

So...

For me, the priority was to get an entry level investment and hopefully work up to something that I would be in an owner-occupier situation eventually.

That's important to me.

I appreciate that it's not for everyone, but I would encourage people to think about what they want their later years to look like.

I don't know.

So I was writing the executive property column for the financial review, but I was doing that as my side hustle in my first year of home ownership.

So I had underestimated how much that first year was going to cost me.

And so I just happened to end up writing the executive property column which turned out to be a real gift because I got to learn about the top end of the market and the amount of time I spent thinking about the top end of the market got me thinking about the bottom end of the market and the fact that a lot of young people aren't getting that inspiring optimistic advice that they need to believe it's achievable.

Sure.

So rentvesting was my way into the market.

I knew I was buying an entry-level property.

It was going to be in a

Ultimately, I would get a tenant in the property and I would rent where I wanted to live.

So for the first 12 months, I knew that I would have to live in it to get some first-time buyer benefits.

So that's like a reduction in stamp duty and that sort of thing.