Saturday, April 17, 2010

Buying and Renting


The great Australian dream "Buying your own home" is becoming a far from reality for most of Australians. While the concept of investing in a property from the wages/salary one gains is aspiring for the future, it involves a lot of financial and emotional considerations.


While casual free individuals tend to rent a property rather than invest in a property, the advantages for them are more. Like you don’t have to think about the financial constraints, can afford to live near to the city or the place you work or even in holiday destination areas like beaches.


The most important thing is to do something proactive about creating wealth, whether that's paying off your own home to leverage into investments, or renting and putting all your spare money into investment property or shares.

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