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80% P&I loan, 5.79% interest (given there are various banks offering 3 year rates at this amount), including $2300 in outgoings (ie water/council rates and owners corp fees).

A recent Northcote (3070) example of rent v buy Just had a refinance for a property recently and the val came in at $475k. It is rented at $415pw. The rent is a fair market rate. The difference between renting and owning per annum is $6241, with renting being cheaper, but its not a pot of...