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That is exactly what I would do (see the first point in my post above) - there is no way I would pay $400-500 per week rent!! I'd most likely share a 2 bedroom apartment with someone (say $200-250 per week tops), or possibly rent a room for sub $200, but I'm not sure I'd want to live with too...

Thanks for all the replies. It looks like I pretty much had the right factors in my analysis, although I hadn't considered servicability. This is actually a big one for me given my low income relative to my equity. I think the decision to live in briefly and then move out is probably...

Hi all, This is an issue that comes up somewhat frequently and I've tried to analyse it from time to time. I was just seeking some input from people on here as to what their views are. I am trying to work out whether it is better to live in one of your properties, or rent it out and rent...