Ep. 320: The Reason High-income Earners Are Choosing to Rent Instead of Buy, with Patrick Noll

Описание: In this episode of Geared for Growth, Mike Mortlock is joined by Patrick Noll, mortgage broker and Founder & Director of Runestone Finance, who specialises in helping young professionals build wealth through property investing.

Patrick works almost exclusively with investors in their 20s and 30s, many of whom earn exceptional incomes, yet still feel locked out of buying where they actually want to live. From Sydney’s eastern suburbs to other capital cities, he’s on the front line of the affordability problem most people don’t expect high earners to face.

In this conversation, Mike and Patrick unpack the uncomfortable reality that even top-1% incomes don’t always make buying your dream home a smart financial move. They explore why rent-vesting has become such a powerful strategy, how investors can scale faster using equity and automated valuations, and where people go wrong chasing shortcuts like trusts and “unlimited borrowing capacity”.

Rather than hype or hacks, this episode cuts through the noise and brings the discussion back to what actually matters: strategy, structure, and building a portfolio that supports the life you want, not just the numbers on a spreadsheet.

What we cover in this episode:
Why earning more doesn’t automatically mean buying makes sense
The true cost comparison between owning and renting in blue-chip suburbs
How rent-vesting can accelerate portfolio growth without lifestyle sacrifice
What automated valuations really are and how investors use them strategically
When third-tier lenders make sense (and when they don’t)
Why most “trust hacks” have been patched and what trusts are actually for
How to structure your lending to keep buying without overextending yourself
The one question every investor must answer before buying their next property

LISTEN TO THE EPISODE:
Spotify: https://sptfy.in/38jl
Apple Podcasts: https://apple.co/4k6QuIX
Website: https://gearedforgrowth.com.au/

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