"A common feature of Australian property investment environment is the debate held in real estate offices, coffee shops, and lounge rooms about the merits of property ownership compared to renting," said
"This is especially true when a respected authority such as the RBA comes out and says that renting may make more sense in the current market. The leading authority on interest rates and monetary policy in
"They also argued that over a very long term time frame, once you take into account all costs like stamp duty, maintenance and mortgage payments, the real price growth of property is between 1.7% and 2.4%."
"In comparison, renting means no mortgage payments and associated running costs of a home. It also means that there is less stress, as a mortgage payment is the longest term contract that many people ever enter into, and certainly has the highest dollar value attached," said
"Property ownership can be very rewarding, but renting suits many people as well. In this context, having adaptable, creative real estate investing strategies is important so that you can harness trends for your own benefit as an investor," said
Investors interested in hearing
For over 24 years, property investment specialist
A gifted speaker and educator,
He regularly broadcasts, records, and publishes the transcripts of his iTunes podcasts via We Buy Houses Radio.
Known for his innovative low-risk, high-reward approach to Australian real estate investing, Rick has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
Read the full story at http://www.prweb.com/releases/2014/07/prweb12050303.htm
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