Welcome to Better Real Estate, a podcast about all things property! This episode is about whether you should rent or buy. What are the pros and cons of each and how do you decide what’s right for you?
Dora and Greg tackle the much-debated question of renting vs buying! They talk shop with Sally-Anne Lawlor of Better Homes and Gardens Real Estate and Noel Whittaker, international bestselling author, finance and investment expert. This episode is a must-listen if you are unsure whether you should rent or buy a property.
Here are some of the key topics discussed in the podcast. We’ve also created a checklist to help you decide whether you should rent or buy.
Download our Renting vs Buying Checklist here
What are the pros and cons?
Real estate agent Sally-Anne Lawlor has lots of real life and professional experience when it comes to both renting and buying. From watching a student landlord pay off two properties by renting them out as houseshares, to knuckling down and budgeting with roommates of her own to pay the bills, Sally-Anne really knows what it’s like. She discusses the pros and cons of both renting and buying. When you rent you have flexibility but you don’t have control. And vice versa when you own. And what about having the best of both worlds? Renting where you want to live and buying where you can afford? Sharing real world experiences and tips, Sally-Anne can help you make a decision that’s right for you and your stage of life.
Can you afford to buy?
Money guru Noel Whittaker comes on the show to tackle the rent vs buy topic. Right off the bat he’s asked if he thinks rent money is ‘dead money’, and his answer may surprise you. While acknowledging how it can be hard to save while renting, Noel outlines how you can tidy yourself up financially, and a key factor is long-term goals. With fabulous tips for how to live within your means and not overspend, Noel gives a practical approach to working out what you can afford. He also offers simple insights into the difference between investing in property versus shares. To help you on your journey, check out these sites and apps such as Raiz and Simple Savings.
And check out the new edition of Noel’s bestseller, Making Money Made Simple.
And check out The BHG guide to homeownership.
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