Why 2022 is the year you should buy instead of rent

Investors or homeowners are spending less money than renters

With the rising cost of living, many of us are looking more closely at how our budget is spent. So it’s interesting to note that those who own their own home actually spend less than 25% of their household income on housing costs, while those who rent spend more than 1/3 of their wages on housing costs/paying rent*.

Renters are essentially at the mercy of landlords, who are taking advantage of the shortage in accommodation open to lease (and rightfully so!)  So if you didn’t think you could afford to become a homeowner, now’s the time to think again.

A huge opportunity to turn renters into investors/homeowners and help alleviate the rental crisis has presented itself.  With the building of residential developments across Australia recommencing after the worldwide ‘pandemic pause’, and the normalisation of supply chain on the horizon, it’s the perfect time to invest into newly built housing and help provide accommodation of the millions of Australians queuing to rent.

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