One might believe that the most obvious answer to this is “owning”, right? Well, there’s actually a number of factors that come into play here including: personal finances, average cost of living in the area, long-term goals, or lifestyle preferences. In truth, given current inflation rates, there’s a heavy influx of people veering towards renting rather than buying due to the added flexibility this option gives.

So, which option is right for you? And what key considerations do you need to make before you take the next step? .