Rent or Buy?

[Ryan80]

I have 2 properties in Brisbane...both IP's. Currently renting in the Eastern Suburbs. I have enough deposit for another $450k purchase and I can't decide whether to buy as a PPOR or another IP.

I earn around $110k a year and my job is pretty stable. I have lived in London so am willing to share again if need be. Atm I am only paying $150 a week and can do this for the foreseeable future but as Interest rates are coming down I'm thinking of buying to live in.

Any thoughts on which way to go?

 

[wylie]

If you are happy to be paying $150 and not frustrated by your present living arrangements, and single and not needing a PPOR, I would be going the IP route and when you really need or want a PPOR that would be the time to do so. Just my opinion.

I didn't do that when young. I did share in two IPs before I bought a PPOR, but as soon as I could get my PPOR I did so. I probably would do so now if I had my time again.