In today's competitive property market, house hacking is emerging as a savvy strategy for first-time investors and young Australians. This innovative approach can significantly reduce living expenses while building equity and generating rental income.
Traditionally, the path to homeownership involved saving up for a deposit, purchasing a property, and gradually paying off the mortgage while living in the home. House hacking, however, turns this model on its head, offering a more flexible and financially efficient way to enter the property market.