Do you RENT or OWN your own home?

[Emma09]

The bank owns our home, and sometimes it feels like they own us too!
We pay $1100 a fortnight, I think the min repayment is $900 a f/n.
Hoping the interest rates stay down!

[deletedit]

We have two houses. Pay about $160 a week but most of that is offset by rent on one of the houses.
Soon we'll have three houses, will pay about $280pw and all of that will be offset by rent on two of the houses.

If we wanted to rent out house #3 it would cost us over $300pw so I think getting it for basically free is a good deal ...

Catch is we're marginal borrowers so we're still scraping up the deposit for the third

[sloane]

rent, although i do kinda wish we had our own place! it's $320 p/w for a 3 bedroom.

[Phteven]

Own a home. We own it outright and we get $300 week rent for it.
We rent the house we live in for $520 so we pay $220 a week.

[*LittleMissSummer*]

We are renting.

Paying $400 a week. 3 bedrooms but in a new suburb so paying for a great location.

[slyder]

Buying. Minimum payment is something like $670 a fortnight.

[YoYo]

We are also 'owned' by the bank. Mortgage payments about $2300 a month, but half of that is being paid by our tenants while we are overseas. That's whe reason we are overseas....to be mortgage free I have never rented....don't want to pay someone elses mortgage (but I'll happily let someone pay some of mine!)

[glenny_c]

We pay a mortgage. About $1400 a fortnight I guess. That is primary and interest. Loan was about $460Kish,

[AnyDream]

Own, we pay approx $1000 per month on home loan.
BUT - that doesn't include the cost of council rates, sewerage & water + maintenance that you also pay when you're the owner.
When we had tenants in they were paying $280/week so some months we didn't even break even.

[lil_chookie]

Own (mortgage) & a mortgage on an investment property. We pay $2600 per month (and get $1000 in rent), but we currently pay interest only.

[Cupcake]

Rent $380 pw. Its quite a large house tho. We rent off my dad and pay what he would get with anyone else in it less the agents fees. Although if they need to up the rent anytime soon i think we'll be looking elsewhere!

[~*Niadalla*~]

Rent.
Don't get angry.... $50 a week for a 5 bedroom (could be changed to 7 bedrooms if required) homestead. BUT we are 100kms from the nearest regional centre. I don't get garbage collection, My mail gets delivered about 3kms down the road, I live on a dirt road with a really long driveway and we live on dam and rain water.

[Cupcake]

Rent.
Don't get angry.... $50 a week for a 5 bedroom (could be changed to 7 bedrooms if required) homestead. BUT we are 100kms from the nearest regional centre. I don't get garbage collection, My mail gets delivered about 3kms down the road, I live on a dirt road with a really long driveway and we live on dam and rain water.

WOW! DP would LOVE that!

[~*Niadalla*~]

It's great.... but it's hard when you want to do normal things, and with the price of fuel it would nearly even out to what we'd pay for a reasonable place in town.

[Faithful Mumma]

We too are "owned" by the bank! Hopefully own at least a few doors and things by now! $1963 per month or $453 per week on a $278,000 loan, we have been in the house for 3 years and now owe about $269,000...such a slow process. I think we would get around $295,000-300,000 for it now if we sold and had the outside finished... Hopefully we can start paying some extra off next year! To rent this house we would probably be looking at around $375ish per week.

[danniellabella]

We rent. Currently $240 a week but we're about to move and can't find anything decent for under $260 a week. I remember when we first went into the rental market 5.5 years ago the average (low end) rent was $150 and we rented a place for $165 a week. Now 5.5 years later all I've seen for that sort of price is 1 room in a share house!

[Fleur]

We rent. Currently $240 a week but we're about to move and can't find anything decent for under $260 a week. I remember when we first went into the rental market 5.5 years ago the average (low end) rent was $150 and we rented a place for $165 a week. Now 5.5 years later all I've seen for that sort of price is 1 room in a share house!

Oh man... I remember when DH & I first moved out, we lived in a couple of houses before we found one we loved. We stayed there for 6 years paying $160/pw for a 3brm with ensuite, huge yard, great area, probably 3-400m from the beach. When we moved out we couldn't believe how rental prices had rocketed! and it's gotten worse & worse since

[~clover~]

Oh man... I remember when DH & I first moved out, we lived in a couple of houses before we found one we loved. We stayed there for 6 years paying $160/pw for a 3brm with ensuite, huge yard, great area, probably 3-400m from the beach. When we moved out we couldn't believe how rental prices had rocketed! and it's gotten worse & worse since

When DD1 was little we rented a house, similar, with a pool & gym, for $175. We thought that was a high price to pay at the time!!!
I still miss that house. & wish I was only paying that much!!!