Buying vs Renting
in Perth

The case for buying

Every mortgage repayment builds equity in an asset that historically appreciates over time. Once you pay off your home, you eliminate your largest monthly expense entirely. You are also protected from rent increases, which have been rising steadily in Perth. Homeownership gives you stability, the freedom to renovate and personalise, and a foundation for future financial decisions like investing or accessing equity.

The case for renting

Renting requires far less upfront capital — no deposit, no stamp duty, no conveyancing costs. It provides flexibility to move for work, lifestyle, or family reasons without the costs and delays of selling a property. Renting can also make financial sense if you are investing the difference (what you would have spent on a deposit and home maintenance) in higher-returning assets, though few people actually do this consistently.

When does buying make more sense?

Buying generally becomes the better financial decision the longer you plan to stay in one place. If you intend to live in a property for five years or more, the upfront costs of buying are usually offset by the equity you build and the rent you avoid. In Perth, where rental vacancy rates have been tight and rents have been rising, the financial case for buying has strengthened significantly.

If you are ready to explore buying, our first home buyer guide for Perth covers everything from deposits and grants to the step-by-step buying process.

Frequently asked questions