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Can only speak about city Sydney where I live, but here the rent is so much more affordable than buying. My place costs $3250p/m rent but a mortgage would be ~$
by siquick 5y ago
Can only speak about city Sydney where I live, but here the rent is so much more affordable than buying. My place costs $3250p/m rent but a mortgage would be ~$6000p/m.
- redis_mlc 5y agoAustralia has tremendous (ludicrous) incentives for being a homeowner, far, far beyond America's tax credits. If you have a stable job, then you're a financial idiot for not buying a house in Australia.
- poulsbohemian 5y agoHow are landlords able to make those numbers work? Is it that the properties are long ago paid off so anything is profit? Where I live, rents track closely with mortgages so I'm trying to get my head around the financials of what you are sharing.