We hear a lot of stories about parents helping their children buy property but we rarely hear of children helping their parents. Especially, by using rentvesting as a strategy to do so.
So it seems that Sydneysider Sheree is the exception to the more traditional rule.

An altruistic investment

Sheree started working at 16 and for 10 years had a singular goal of buying a property.
But that property wasn’t to be somewhere for her to live permanently. It was to be a home for her parents.
“When I was younger, my parents had some financial difficulties, which meant we lost our family home when I was 12,” Sheree says.
“They were coming up to retirement years and hadn’t really recovered from that. They were still renting.
“I actually bought the property to live in with my parents but the goal was for them to stay in it long-term and I would either stay or go and rent somewhere else. They actually still live in that property.”
That property was a three-bedroom house in Western Sydney which Sheree bought in 2010. It has increased in value some 130 per cent since then.
After living in the property for 12 months, Sheree decided to go back to share house living closer to the city.
“I realised that financially I was in a much better space that a lot of my friends who were buying properties to live in. I was able to live where I wanted to live without worrying about the property market in that area,” she says.
“I lived in a share house with five people, which was cheaper again. It meant I could live closer to the city, closer to work, and have the lifestyle I wanted without having to stress about my mortgage.”

Investing elsewhere

Five years after buying her parents a home, and enjoying spectacular capital growth on the property, Sheree decided it was time to buy her second investment.
It was 2015 by this stage, though, and the Sydney market was no longer within her financial reach.
Not to be deterred, she simply looked for locations that were more affordable.
“I was in the financial position to buy another property. I couldn’t really afford the Sydney market so I looked further abroad and I found a little town called Old Bar, which I really love,” she says.
“My grandparents used to live there and I decided to invest up there. That’s proven to be a very good decision as well.”
That second property was a three-bedroom villa located in the town about 3.5 hours from Sydney and just south of Port Macquarie.

Continuing to invest in her future, Sheree established her own digital creative agency about 18 months ago.

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