Renting

  • Market Conditions

    Higher property values = higher rental

  • Budget

    Rental costs increase annually

  • Flexibility

    No adding a personal touch to the home to suit your specific needs

  • Investment

    Any additions / changes to the property will be lost once you move. Changes could even have financial implications if the landlord wants them undone.

  • Security

    No security beyond the term of your rental contract. You could end up moving from unit to unit (additional costs & inconvenience)

  • Long Term

    Once you move, you have nothing to show for the time you rented.

  • Financial Gain

    Renting will be cheaper than bond repayments

  • Net-Worth

    Renting is similar to a holiday, you are only left with the memories

Buying

  • Market Conditions

    Higher property prices = investment growth = more profit

  • Budget

    Bonds remain the same (except for inflation). Estimated that after 5 years, bond repayment will be less than rental rates.

  • Flexibility

    You can change your home to fit in with your living standards & requirements (within legal limits)

  • Investment

    Additions / changes will increase value of investment

  • Security

    The property is yours and you can form a solid foundation for your future & family. You can live there as long as you want to.

  • Long Term

    If you decide to move, you can either sell your home for a profit, or you can rent it out and start building your investment portfolio.

  • Financial Gain

    Although bond repayment is higher than rental, you are essentially also building your ‘saving’ or retirement fund in the form of assets.

  • Net-Worth

    Owning a home adds value to your credit profile and you start to build a legacy & increase your net-worth.