Is rentvesting achievable, sustainable or worth the investment?
Zaheer Azmi, CEO & Founder of Luxland Investments, shares with us his background in property development and his passion for investment strategy and education as he discusses the advantages of rentvesting in today’s markets with our host, Mark Bouris.
Having successfully built his own property investment portfolio from a $70,000 deposit, and initial $340k purchase, Zaheer now focuses on helping other Australians not only enter the property market, but also build a portfolio of investments for the long term.
Join Mark and Zaheer on this week’s episode of Property Insights as they discuss Luxland’s investment approach, the growing issues of Australia’s housing affordability crisis, and future developments in Australian property markets.
Key Takeaways:
- Luxland Investments started as a boutique development firm with a project involving four townhouses in Newcastle. This experience encouraged them to shift their focus to helping everyday Australians enter the property market and build a long term, diverse asset portfolio.
- Luxland’s “rentvesting” approach involves renting a property where you want to live, while investing in properties in more affordable markets to build wealth, particularly in expensive areas like Sydney.
- Forming a ‘market mindset’. Zaheer’s work centres on encouraging people to invest soundly. Platforms such as Luxland and the podcast ‘Grow your future’ enable him to share his knowledge with those entering the market or looking to further invest.
- Zaheer highlights areas with excellent value for investment, pinpointing Southeast Queensland and the Moreton Bay Region, and analysing Melbourne’s affordable apartment and townhouse investment opportunities.
- Mark and Zaheer consider migration as an indicator of investment opportunity, noting that ongoing population growth continues to build investment potential in Southeast Queensland and areas to the north of Brisbane due to the job opportunities and attractive living conditions.
- Where to invest? 3+ bedroom plus study apartments in major cities are under supplied right now – a trend further driven by downsizing retirees. Larger apartments, particularly from reputable developers, are therefore seen as lucrative investments with Zaheer suggesting that other nations have developed.
