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Australian Investor With 23 Properties Explains Why He Rents a Sydney Penthouse

He says rentvesting preserves investment capital that a Sydney purchase would tie up.

Overview

  • He pays about $1,420 a week to rent a three-bedroom penthouse in Macquarie Park, where he lives with his wife.
  • Ravi Sharma reports owning 23 investment properties worth roughly $25 million through purchases across multiple Australian states.
  • He holds only one or two properties in Sydney, with most of his portfolio spread across NSW, Victoria, South Australia, Queensland and Western Australia.
  • He argues that buying a home to live in Sydney would require a large deposit and could risk losses on resale due to stamp duty.
  • He bought his first property at 21 in Dubbo for $190,000, later founding Search Property Buyer’s Agency and building a public profile that includes a 2024 young entrepreneur award and a popular finance YouTube channel.