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The great Australian dream of owning a home once drove a fairly predictable housing pattern -  Aussies would rent for a little while, save for a deposit then dive into home ownership at the first opportunity.

Housing status spoke volumes. Homeowners were successful while renters were either young or couldn’t get it together financially.

How times have changed. Rising house prices and a need for lifestyle flexibility now have many questioning if they want a huge mortgage or if they’re simply better off as tenants.

Let’s take a look at how you might decide if renting or buying is the right option for you.