Rent or buy?

As the year seems to be disappearing all too quickly we are showered with articles about housing affordability across the country.  Housing affordability is measured by the ratio between the cost of housing and gross household income.

There is certainly no shortage of buyers and renters in Launceston with open homes being well attended and the phones are busy with interstate clients and customers.

Housing affordability improved over the June quarter in Tasmania and the Northern Territory but declined in all other states and territories.

The sustained low interest rates have created a situation where it can be cheaper to buy a property than to rent one provided the all elusive deposit can be saved. After all, home ownership has long been “The Australian Dream”