Why it’s better to rent property than buy – for now

 

PHOTO: Falling prices, lower returns mean could be the time to consider alternative investments, according to stock specialists.

The number of people wanting to buy property rather than rent is sharply increasing in cities where prices are plunging, unsold stock is growing and sentiment continues to weaken, according to market analysis by global investment bank Morgan Stanley.

During the 15 months since markets began to fall, there has been an increase of around 20 per cent in the number of Sydney households who think now is the right time to buy even as house price expectations hit new record lows, its analysis shows.

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