Is it better to buy or rent now, in Melbourne
#1
Is it better to buy or rent now, in Melbourne
I was wondering whether it would be wiser to rent a place rather than buy - considering that the house prices have sky rocketed and there is a slump in the rental market.
May be once house prices stabilise/come down it would make sense to buy?
Any thoughts?
Nina
May be once house prices stabilise/come down it would make sense to buy?
Any thoughts?
Nina
#3
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Joined: Aug 2002
Location: An expat Aussie trying to understand why anyone wants to move to Oz.
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This is a good article but I would be careful as I think this relates mainly to apartments and smaller dwellings in inner city areas. The suburban housing market in good areas of Melbourne remains strong.