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Yeah, if you want to live in the Western suburbs:eek:. My calculation for around the harbour are rent $2200/mth, buy ~$5000/mth(mortgage 80%lend+strata). or 127% more to own.

This is true, especially in established suburbs. As an example, it would cost $850K to buy the place we rent now on the harbour. At 80% deposit that's at least $4000/mth mortgage, $2000/qtr strata. etc. We rent for $2200/mth. That's $2000/mth in saving, to absorb any future rent rises. The...