Rent or buy

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Rent or buy


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Old 08-22-2014, 03:10 PM
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Rent or buy

The housing in Australia become more and more expensive both renting and buying. Shall we rent or buy?


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Old 08-23-2014, 01:59 AM
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Please update your flag here .

Depending on your income, if you think,you will have secure job and stable income for a long run, buying house would be a good idea, it would be a kind of forced saving, however, if your hob is not stable,its better to rent it.
Hope this will helps...


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Old 08-28-2014, 10:40 AM
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Rent then invest any extra money - it will out perform real estate for the next cycle.

Housing has just reached a new high so now is not the time to buy.

My 2c......

Good luck!

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Old 11-11-2014, 02:59 PM
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This is a good topic to tackle and share information. If you have the money to pay for the house and mortgage then it is best to have your own home. However if your salary is good for renting a space, then its wise to be a tenant and save your money for a larger purpose.


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Old 11-19-2014, 08:34 AM
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I prefer buying a house then renting it, but I'm still not stable enough to afford it. If you have enough savings or you're applicable for a loan, you should seriously consider it. If you think about it, with all the money you'll be giving for rent through the years, you would be able to buy a property, and it would be truly yours.


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Old 11-20-2014, 10:13 PM
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I would always suggest buying over renting (if you can afford it)...

Why pay off someone else's mortgage if you can yours off.


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Old 11-27-2014, 09:40 AM
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Who want to be a tenant for their whole life if they can help it? .... no one that is why the house prices continue to rise. If you can afford it then the quicker you get into your own home the better.


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Old 01-11-2015, 10:12 AM
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rent is perfect


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Old 01-17-2015, 07:57 AM
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Quote:
Originally Posted by supergroup View Post
The housing in Australia become more and more expensive both renting and buying. Shall we rent or buy?
I have always been a skeptic of buying property in Australia because for the last 20 years I've had the opinion the bubble is so big it could burst at any moment. In hindsight I was wrong and could have made a nice profit. I remember one apartment I looked at in around 1996 in Brighton (VIC) was $195,000 and is now worth $500,000 at least.

But recently a few people have told me to rent and not buy in Australia which is strange.

What to expect from property in 2015

A cool change blows across housing markets - The Drum (Australian Broadcasting Corporation)


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Old 01-17-2015, 09:18 PM
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Quote:
Originally Posted by rainman8 View Post
I have always been a skeptic of buying property in Australia because for the last 20 years I've had the opinion the bubble is so big it could burst at any moment. In hindsight I was wrong and could have made a nice profit. I remember one apartment I looked at in around 1996 in Brighton (VIC) was $195,000 and is now worth $500,000 at least.
But recently a few people have told me to rent and not buy in Australia which is strange.
What to expect from property in 2015
A cool change blows across housing markets - The Drum (Australian Broadcasting Corporation)
There should be a good buying opportunity in Melbourne apartments in the next two years as an oversupply occurs.
Another buying opportunity is when the next interest rate rise happens....

Buying right now is still near the top of the cycle and it is not yet a "buyers market".
Have a look at information sources like rpdata....
Also, lots of good information and local opinion on somersoft property....
Look it up.

Good luck.

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