Property tools

Should I buy or rent?

Buying beats renting when the equity you build and the growth in value outweigh mortgage interest and purchase costs (4% DLD fee, 2% agency fee) over the years you stay. Set the price, the rent for an equivalent home, your deposit and how long you plan to stay.

Over years
Cost of buying (net of equity)
Cost of renting
Projected property value: Discuss with an advisor