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Narre Warren South Commercial and Residential property for rent

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Frequently Asked Questions

Is it better to rent or buy?
It depends on your finances and goals. Renting offers flexibility, lower upfront costs, and no maintenance responsibilities. Buying builds long-term wealth through equity and capital growth but requires a substantial deposit and ongoing costs. Rentvesting—renting where you live while buying an investment property—can potentially leave you $66,500–$116,120 better off over 10 years, depending on your tax bracket.
At what age is the best time to buy a house?
The average Australian first-home buyer is now around 36–37 years old. One in five first-home buyer loans nationally go to those aged over 40. Home ownership rates for 30–34 year olds have dropped from 65% (1950s generation) to 45% (late 1980s generation). The "best" age depends on financial readiness rather than a specific number.
How much should rent be of your weekly pay?
A common rule is to spend no more than 30% of your gross income on rent to avoid rental stress. For example, earning $1,200 weekly means aiming for rent around $360. The 50/30/20 budget system suggests keeping all living expenses (including rent) under 50% of income. If saving for a house deposit, consider spending 20–25% instead.
What are the negatives of renting?
You're subject to rent increases and paying off someone else's asset rather than building your own equity. Restrictions apply—you may not paint walls, drill holes, or have pets. You have less privacy and security, with leases typically 12-month terms, meaning you can be asked to leave anytime. Landlord inspections can also be disruptive.
Is rent money really dead money?
Not entirely—mortgage interest is also "dead money". A financial advisor noted that paying $42,250 annually in mortgage interest on a $750,000 loan exceeds typical rent costs. Rent provides shelter, flexibility, and freedom from maintenance costs. While rent doesn't build equity, it can free up income for other investments if managed wisely.

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