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This is certainly the situation where I live, yield would be about 3.5% The strata is > $2000 quarter. We love having the landlord pay the strata for us :)

Nothing wrong with renting.. We love renting and our commute to work is only 5 minutes. When I change jobs or get sick of the area we can easily give notice and move again for minimal cost. There are lots of investor disadvantages to living in your own property, including lost tax...