Zaki Ameer, Founder of DDP Property, takes us through 2 examples of how owning is cheaper than renting in the current market. He notes that these conditions won’t last, and those who want to change their lives will need to move quickly.

With enormous support from the Government through various stimulus packages, the economy will undoubtedly rebound from the COVID-19 pandemic. During the recovery there will be a period of inflation, meaning that rent will get much more expensive.

He urges renters to get moving to take advantage of such rare market conditions.

Zaki also addresses common concerns such as ‘what happens if I lose my job and can’t repay my loan?’.

He ends with the importance of paying yourself first. Someone who has been renting for 5 years at $400 per week could have potentially paid $100,000 towards paying off their own home.