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  1. #1
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    Default Who can afford to rent???

    I bought before the boom but struggling lately so looked at rental prices. $450 for a small, out of the way property up to $750 for properties closer to the school and shops. That is per week!! My income is less than $500/week! Who can afford rental properties??

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    rainbow road's Avatar
    rainbow road is offline look at the stars, look how they shine for you
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    I live in a small-ish 2 br apartment in an area I like in Sydney. Apartment is very nice. $450/week. Don't know what we'll do when we have to upgrade - obviously move out further I suppose. It's expensive!

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    We do 310 a week but that's in an inlaw's investment property so we get it a bit cheaper.

    It must matter where you live though... We could get a 3 bedroom place easily for 350 nearby.

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    We pay $300 per week in Adelaide for a 3 bdrm villa style home. Its only 6 years old and 5 mins from the beach

    Sent from my GT-I9100T using BubHub

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    FearlessLeader is offline Winner 2013 - Most Memorable Thread
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    Yeah I've just figured out that it would cost us the same to rent the place we're in as it does to pay the mortgage I guess the problem for most people is getting a deposit together. It really sucks.

    Sent from my HTC Sensation Z710a using BubHub

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    No I couldn't afford to rent where we were on the gold coast, so we moved and bought a cheap house forty mins drive away where our mortgage is 1 to 2 hundred a week cheaper than what we would of been paying in rent.

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    we rent.
    Dont want to buy in sydney right now..got really burnt in dublin with 3 properties.

    I pay $980 a week.

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    Quote Originally Posted by FearlessLeader View Post
    Yeah I've just figured out that it would cost us the same to rent the place we're in as it does to pay the mortgage I guess the problem for most people is getting a deposit together. It really sucks.

    Sent from my HTC Sensation Z710a using BubHub
    yes.

    We could pay a mortgage but we just don't have the deposit to get it cracking. Really need to come into a nice sum for a deposit, then we'll be sitting pretty!

    ETA: we don't pay electricity, gas or water though. I do like that.
    Last edited by rainbow road; 08-07-2012 at 20:42.

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    austmum  (08-07-2012)

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    Depends cause we would be paying alot more to buy than rent here in Adelaide. Plus you have expenses like council rates and maintenance that u dont have to worry about when renting. We have no desire to buy whatsoever.

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    Rental property prices vary so much around the country.

    Our investment is rented out below market value (it's rented by my Mum), at $270pw (market value is closer to $310pw, which is only $20pw less than its mortgage) for a 3bed family home in a central location.

    So yeah, all goes on location, taste and requirements

    *I can haz typos*


 

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