1.) false approx 35% more expensive not 100% more (atleast in the areas i own property. Western sydney, South west sydney)
2.) your opinion
3.) your opinion
4.) your opinion
5.) your opinion
More info on number 1.)
Figures used from one of my rentals.
Market value 380k
Rent 435 pw
LVR used 100% lend, stamp duty not paid because FHB, 7k used to cover purchasing costs.
$1200 council rates, $650 water rates, $600 insurance, $500 repairs, Interest rate 7.2%
380k * 0.072%
+ 1200 + 650 + 600 + 500
total P.A $30,310 or $582pw
which is $147 per week more to buy then rent.