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  1. W

    Rent vs Buy: An Australian "Cost Comparison"

    This is how my brain works too, no matter how much I tell myself that paying rent whilst investing works too.... it is just not something I would ever do. I know that when I was around 18 and bought my first IP with my Dad, I never wanted to pay someone rent and help pay their mortgage, and I...
  2. W

    Rent vs Buy: An Australian "Cost Comparison"

    I've been in the IP game for over 30 years and I would say that the most recent ten were not much different to the ten before that, and the ten before that, and the ten before that...... I know it might be different from here on in, but it might not.
  3. W

    Rent vs Buy: An Australian "Cost Comparison"

    My son, on a salary of $38K is looking to buy for around $320K interest only. He can get a loan that size only because he will rent one room out. In 1960 my parents did the same thing, three children under three years old, plus a grown man as a boarder to enable them to move from a besser block...
  4. W

    Rent vs Buy: An Australian "Cost Comparison"

    In answer to the question about what the house I mentioned would rent for now..... It rents for $440 per week. In the year until January 2010 it was renting for $460 per week but we dropped the rent to get someone quickly as the market was so slow then. Normally we would have increased the...
  5. W

    Rent vs Buy: An Australian "Cost Comparison"

    I find this whole topic very interesting and agree that the switched on people will be investing, but would guess that the majority of renters are not investing, at least the younger ones who are renting because they cannot afford to buy. I take on board the comments about a downturn, but I...
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