PHOTO: Daniel and Sophie Walsh. Source: Supplied

New research from the Property Investment Professionals of Australia (PIPA) has found that 36 per cent of first-time buyers opted to invest in property and continue to rent instead of buying a home to live in over the past 12 months.

The finding was contained in the 2018 PIPA Investor Sentiment Survey, which also found more first-time buyers were purchasing existing properties than new builds.

PIPA chairman Peter Koulizos said ‘rentvesting’ as an investment strategy had likely been a trend for some time.

“What this insight shows us is that first-time property buyers generally have probably been more active over recent years than official statistics originally recorded,” he said.