Rent & Invest Vs Buy

[Eugenia Wong]

Hello everyone,

I'm still quite new to property investing so any tips would be great. I've recently relocated to Canberra from Sydney for work, the current plan is to stay 3 years and depending on the project I may move back with the family or to another state. I'm thinking of 2 options;

1. Purchase in Canberra, live in it till I move again.

- from my preliminary calculations, there are too many fees associated with leasing out a property in Canberra so the cash flow would be low. Is this worth if my current plan is to stay for 3 years, and rely on appreciation?

2. Continue renting in Canberra and invest in Sydney

- I understand the market more in Sydney, but not sure how beneficial it is to keep renting and keep all my investments in Sydney. Would this be a bad move if I end up staying in Canberra for 5+ years (like most friends who have relocated).

Final question, what steps should I take to help me make the decision?

Thanks in advance for your help, really appreciate this.