BUY or RENT in PERTH
Jun 20th 2003, 5:40 pm
#1
Forum Regular
Thread Starter
Joined: Jan 2002
Posts: 239
BUY or RENT in PERTH
Is it better to buy or rent in Perth?
I have been looking at buying two houses in perth one to live in and one to rent out but........ the rental income will hardly cover the mortgage on the rental property.
According to the rent or buy calculators on realestate.com.au i would be almost $500000 better off if i rent rather than buy over 15 years - is this right???????
TAMBO!!!!!!!!!
I have been looking at buying two houses in perth one to live in and one to rent out but........ the rental income will hardly cover the mortgage on the rental property.
According to the rent or buy calculators on realestate.com.au i would be almost $500000 better off if i rent rather than buy over 15 years - is this right???????
TAMBO!!!!!!!!!
Jun 20th 2003, 8:49 pm
#2
Be true to your skew
Joined: Apr 2003
Location: Wanneroo, WA
Posts: 373
Huh!?
Hi Tambo
Just had a look at your link and just can't figure it out!
Smelled a rat and tried putting commas into the figures and it made a big difference ie instead of putting 250000 try 250,000.
Tipped the scales form renting to buying.
Just had a look at your link and just can't figure it out!
Smelled a rat and tried putting commas into the figures and it made a big difference ie instead of putting 250000 try 250,000.
Tipped the scales form renting to buying.
Jun 20th 2003, 10:01 pm
#3
BE Forum Addict
Joined: Mar 2003
Location: Going Home
Posts: 1,215
Would you not be better having a rental property in UK - conversion to dollars is better, You always have a foot in housing market and I would rather my property went up £10k than $10k.
