An article in The Age took a look at the question of whether it is cheaper to rent or buy a property. While it may seem cheaper to rent in the short term, say two-three years, if you take a longer view then the answer becomes clear; buying is the way to go. According to [...]
equity
Some people who live in large family homes may find that the kids have flown the nest and they no longer need such a big place, so they can use the equity in their home to buy a smaller, cheaper place (right sizing we like to call it) and the use the difference to fund [...]
