Should I live on or off base? Should I rent or buy?

Early on in my career in the ADF, I didn’t think I needed to buy a house because we managed to save some money and we were financially better off from the investment returns than we would have achieved if we had bought a house.  I don’t necessarily advocate the Australian Dream but I do advocate diversification and your strategy should put a stake down somewhere.  Defence provide great support through subsidised rent and the Defence Home Ownership Assistance Scheme.   My general advice is to pretend you don’t have these and to act as if you are paying off a home in your overall strategy, to make the most of what you have been given.

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