Posted by Abdul
June 8, 2017
It’s the perennial property debate – will you be financially better off buying a house rather than renting one?
In a recently released report, the Reserve Bank of Australia (RBA) says that Melbourne tenants have the upper hand financially; at least for now.
The study Is Housing Overvalued? argues that costs applicable only to homeowners, such as land rates, purchase price and interest rates, makes renting the more financially sound option.
In order for buyers to catch up to renters, ... Read more