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Add insurance + factor in maintenance liability + account for interest on 20% cash deposit (as hobo-jo pointed out)..... Then the picture looks a little different. Additionally, it is often the case whereby one can "afford" to rent a particular property but not "afford" to buy said...

If your circumstances were more akin to something like mine, I guarantee you would reconsider. Acknowledging that they obviously are not, I agree with your train of thought... Renting and buying property are not mutually exclusive... You almost acknowledge a financial benefit from renting...

Actually less.... I have chosen to maximise my employer benefits by NOT owning my own home ;) We all have different circumstances, but for me, renting is a cash cow.... :eek: shocking but true...

Recently re-entered the rent market... I have recently re-entered the rent market and intend to stay there for at least another 5-6 yrs. I sold my last PPOR and am re-investing the proceeds into better yielding & CG potential IPs 7 am currently saving the difference between mortgage/rent...