common sense, page-13

Duicorps contention still stands. In making a decision with property investment it is infinitely wiser to take advice from an experienced owner. So many people who have not owned property know very little about actually getting a mortgage, deposits needed, costs associated with it, mortgage insurance, the ins and outs, picking a mortgage provider, negotiating with the agents and vendors, location , schools nearby, future developments and how council can assist, structuring of the loan between fixed or variable, negative gearing if it applies,how to deal with price fluctuations, maintenance, builders reports, rental agreements with tenants, costs associated therewith, insurance, landlord insurance etc etc. Most on this site who are bears quite evidently have NEVER owned real estate and offer advice that is far from real in addition to that will cherry pick articles to win arguments.

Those who have owned and have sold and believe that that it is wise to rent need to realise that it is an out there proposition to say the least and a gamble in Australia and a dangerous thing to push as a clever alternative. Most Australians just will not embrace such a position as acceptable. Additionally even if in negative territory many who own realise the work involved, stamp duty costs to quit and re enter later. These holding costs and hassles to get into a house are enough reason to stay put. Once out they may never get back in and are prepared to hold on no matter how long it takes. Many of us realise that when we first bought , the first 3-5 years show very little in return. PPOR are a home first and investment second.