In Australia, less than one in ten people own an investment property. The vast majority of homeowners are what we might label as ‘upgraders’ who only ever own their own home.
After buying their first home, upgraders continue to buy a bigger and better home as their family needs change and sell off their previous home in part to finance the upgrade.
But is that actually the best way to go about it? Or should you consider turning your first home into an investment property?
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