Investing in residential property has many benefits, including capital growth. Property has been a popular route to wealth for many Australians for many years. Buying their own home is often the first investment many people make; purchasing another property may well be the second even before shares and other assets. But your first investment in property needn't be your home. Buying an apartment to rent out can be a good way to accumulate funds so you can buy your own place. Increasing numbers of young Australians are choosing this route, buying in one area while renting in a more expensive area or living at home for a while longer.