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For those interested, the calculator I mentioned from NY Times: http://www.nytimes.com/interactive/business/buy-rent-calculator.html LOTS of value inputs to give a good picture. And a graph! Factors in: Inflation, taxes, rent increases, house price increases, mortgage rates, Strata, buy/sell...

How interesting. Houses I am used to hearing being rent for circa $400/week valued at 500k. At $1M, madness!

You are renting a $1M house for $400/week?

Going by RPData's stats, over the last three decades property prices have increased on an average annual growth rate of 8.4% http://www.vision6.com.au/em/message/email/view.php?a=9640&id=722416 Do you know where buying is always a better option than renting? When you buy a house with...

Even with 100% lend property still comes ahead due to the magic of time. Using the above stats, with rent increase input of 2.5%, 8% CG increase of property and a 7 year time frame, the wealth comparison comes out at: Renting: Savings balance of $238,793 Equity in Home: $401,175, remaining...