Renting vs Buying: What Makes Sense for Millennials?
Renting vs Buying: What Makes Sense for Millennials? For many millennials in Australia, the decision between renting and buying a home is one of the biggest financial choices they will make. With rising property prices, stagnant wages, and flexible lifestyles, is buying still the dream? Or is renting a smarter move in 2025? Current Property Market Overview In 2025, Australian capital cities continue to see high median house prices. Sydney and Melbourne are especially expensive, while Brisbane, Adelaide, and Perth offer slightly more affordable options. Interest rates remain steady but are still higher than pre-pandemic levels. Advantages of Renting Flexibility: Easier to move for work or lifestyle changes No Major Maintenance Costs: Repairs are typically landlord's responsibility Lower Upfront Costs: Bond and rent are more manageable than a 20% home deposit Advantages of Buying Equity Growth: You’re building ownership with every repayment Stability:...