Should I buy or rent a home in Canberra?

"The decision to buy or rent a home in Canberra, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Canberra for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and offers stability and the freedom to make changes to your property as you wish. On the other hand, renting might be a better option if you value flexibility or if you're not ready for the financial commitment of owning a home. Renting allows you to move more easily if your job or personal circumstances change. It also means you're not responsible for maintenance and repairs, which can add up when you own a home. It's also important to consider the current housing market in Canberra. If property prices are high, it might be more cost-effective to rent until prices come down. However, if prices are low and you're in a position to buy, it could be a good time to invest in property. In conclusion, whether you should buy or rent a home in Canberra depends on your personal and financial circumstances. It's a decision that requires careful consideration and, ideally, advice from a financial advisor or real estate professional," mentioned another expat when asked about moving to Canberra, Australia.