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Is it cheaper to rent or buy a house?

Several factors come into play here, but ultimately it is cheaper in the long term to buy rather than rent.

If you own the house, it’s an appreciating asset, boosting your wealth if it rises in value and increasing your potential profit from selling it. In contrast, if the value of a rented property increases, you pay higher rent.

It’s true that with a rented property you don’t have to pay maintenance costs, but the downside is you can’t make renovations that will improve its value.

When it comes to getting on the property ladder, sooner is best. Better to not fall into the comfort zone of renting, and better to be paying off your home loan than someone else’s.

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Average rating of 4.86 from over 4 550 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

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Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

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Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M

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