Renting a home might be more savvy than buying, says RBA

By Jacob Saulwick
Updated July 26 2014 - 1:08pm, first published 1:25am
In the bank: Shane and Dinah Hearn have been renting in Bondi, but will soon move into an apartment they have bought in Randwick. Photo: Peter Rae
In the bank: Shane and Dinah Hearn have been renting in Bondi, but will soon move into an apartment they have bought in Randwick. Photo: Peter Rae

It is the paradox confronting home buyers in Sydney: you might be better off buying in areas you can least afford.

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