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Is renting a viable lifestyle option? with Christopher Zinn

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Manage episode 314491852 series 2991072
Content provided by Ludwina Dautovic, CEO and Founder - The Room Xchange, Ludwina Dautovic, CEO, and Founder - The Room Xchange. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ludwina Dautovic, CEO and Founder - The Room Xchange, Ludwina Dautovic, CEO, and Founder - The Room Xchange or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

As housing prices continue to skyrocket across Australia the idea of owning your own home continues to remain a pipe dream for many Australian's. With renting being the only alternative, it begs the question "Is renting a viable lifestyle option?"
Christopher Zinn, our guest on episode 3 of The Room Xchange Podcast, believes renting can be a viable lifestyle option is it is well considered and you have a good plan in place.
Connect with us: Website | Facebook | Instagram | Twitter
About Christopher Zinn
Christopher Zinn is a consumer campaigner at Life Sherpa, Australia’s first online financial advice provider. Christopher’s work at Life Sherpa is about replacing the myths and mysteries we can all feel around money with more constructive beliefs.

What we discussed in this episode

1:20 - Introducing Christopher Zinn

2:32 - Christopher talks about how we’re all consumers and how the consumer is the most important person in the party whether it’s a renter or a house buyer.

"The consumer is the basic driver of so much of our economy and they need to be recognised as such and that could be a renter or a house buyer."

3:17 - One of the first things was renting a home

4:30 - Your rental is your home.

5:00 - How can we negotiate a long term lease in Australia?

7:19 - Can renting be a viable financial way to live?

7:38 - last year rents went up 8.2% an regional areas went up no longer being able to provide a refuge for cheaper rents.

8:25 - In the short to medium term is can actually be cheaper to rent than to buy.

"Buying comes with considerable costs up front, and you have to maintain it. It does all add up. Whereas with renting you pay the rent and that’s it."

9:47 - How to create a plan to financially benefit from renting.

12:46 - Pros and cons of Rent vesting

15:05 - The future of housing and how it might change with more and more people working from home.

19:08 - With more people working from home and using their spare room as an office, it can have an impact on the available occupancy rates for tenants looking for somewhere to live.

20:16 - If you’re working from home there should be some compensation for the additional costs.

23:45 - Let’s remove the stigma of renting.
"If you make the right kind of investment with the money you save in renting, then the savvy renter can do as well as the householder."

24:20 - Renting has got to be more viable because for some people there will literally be no choice. We have to have some tenancy reform.

26:13 - We don’t hear the good stories about good tenants and landlords. Only the horror stories on the news.

27:40 - Our rental payments

Contact The Room Xchange

  • Tweet us at @theroomxchange and @LudwinaDautovic
  • Share a story on instagram @theroomxchange
  • Email us at admin@theroomxchange.com

Please leave us a review
Click here for Apple reviews
Connect on our socials
Youtube | Facebook | Instagram | Twitter | Linkedin
Sign up on our website
www.theroomxchange.com

  continue reading

31 episodes

Artwork
iconShare
 
Manage episode 314491852 series 2991072
Content provided by Ludwina Dautovic, CEO and Founder - The Room Xchange, Ludwina Dautovic, CEO, and Founder - The Room Xchange. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ludwina Dautovic, CEO and Founder - The Room Xchange, Ludwina Dautovic, CEO, and Founder - The Room Xchange or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

As housing prices continue to skyrocket across Australia the idea of owning your own home continues to remain a pipe dream for many Australian's. With renting being the only alternative, it begs the question "Is renting a viable lifestyle option?"
Christopher Zinn, our guest on episode 3 of The Room Xchange Podcast, believes renting can be a viable lifestyle option is it is well considered and you have a good plan in place.
Connect with us: Website | Facebook | Instagram | Twitter
About Christopher Zinn
Christopher Zinn is a consumer campaigner at Life Sherpa, Australia’s first online financial advice provider. Christopher’s work at Life Sherpa is about replacing the myths and mysteries we can all feel around money with more constructive beliefs.

What we discussed in this episode

1:20 - Introducing Christopher Zinn

2:32 - Christopher talks about how we’re all consumers and how the consumer is the most important person in the party whether it’s a renter or a house buyer.

"The consumer is the basic driver of so much of our economy and they need to be recognised as such and that could be a renter or a house buyer."

3:17 - One of the first things was renting a home

4:30 - Your rental is your home.

5:00 - How can we negotiate a long term lease in Australia?

7:19 - Can renting be a viable financial way to live?

7:38 - last year rents went up 8.2% an regional areas went up no longer being able to provide a refuge for cheaper rents.

8:25 - In the short to medium term is can actually be cheaper to rent than to buy.

"Buying comes with considerable costs up front, and you have to maintain it. It does all add up. Whereas with renting you pay the rent and that’s it."

9:47 - How to create a plan to financially benefit from renting.

12:46 - Pros and cons of Rent vesting

15:05 - The future of housing and how it might change with more and more people working from home.

19:08 - With more people working from home and using their spare room as an office, it can have an impact on the available occupancy rates for tenants looking for somewhere to live.

20:16 - If you’re working from home there should be some compensation for the additional costs.

23:45 - Let’s remove the stigma of renting.
"If you make the right kind of investment with the money you save in renting, then the savvy renter can do as well as the householder."

24:20 - Renting has got to be more viable because for some people there will literally be no choice. We have to have some tenancy reform.

26:13 - We don’t hear the good stories about good tenants and landlords. Only the horror stories on the news.

27:40 - Our rental payments

Contact The Room Xchange

  • Tweet us at @theroomxchange and @LudwinaDautovic
  • Share a story on instagram @theroomxchange
  • Email us at admin@theroomxchange.com

Please leave us a review
Click here for Apple reviews
Connect on our socials
Youtube | Facebook | Instagram | Twitter | Linkedin
Sign up on our website
www.theroomxchange.com

  continue reading

31 episodes

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