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Listen "From Occupier to Owner: Tenants bid to buy the property they rent"
Episode Synopsis
With Melbourne property prices remaining subdued, the gap between rental costs and mortgage repayments has narrowed, which means first-time buyers, particularly renters, are finding homeownership more attractive and attainable.
This shift is leading to an unusual trend: renters are increasingly able to purchase their rented properties from their rental providers.
Historically, while common to express interest, such transactions rarely materialised. Now, we're observing a shift where these intentions are frequently turning into successful property purchases.
Jarrod is joined by Wakelin's property management expert and buyers' agent, Jordan Telfer, to explore this trend.
This shift is leading to an unusual trend: renters are increasingly able to purchase their rented properties from their rental providers.
Historically, while common to express interest, such transactions rarely materialised. Now, we're observing a shift where these intentions are frequently turning into successful property purchases.
Jarrod is joined by Wakelin's property management expert and buyers' agent, Jordan Telfer, to explore this trend.
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