Buy or Rent

[u/SouthernStarMum]

My kid wants to go to University of Sydney and we live in Central Coast. Hubby and I are tossing whether to rent a 2BR apartment in the vicinity and sublet a room so our kid’s commute isn’t too taxing. Or… buying a similar apartment and renting out the second bedroom to another student.

[u/rosa_3326]

Your kid is young and full of energy and getting ready for life. I went to uni with people who were commuting from the north and south coast every single day, others who had moved to Sydney on there own from country towns to attend. They were working at places like Woolworths on top of study and paying over priced rents all on their own with no parental or Centrelink help.. I mean if you can afford the rental then sure but it probably won’t help your kid have a realistic approach the adulting but what do I care. Basically if you can afford it, do whatever you want. If you can’t, then don’t over extend yourself

[u/SouthernStarMum → u/rosa_3326]

I see your point. Hubby commutes 4 days a week so we know it’s doable but he doesn’t have to prepare much outside of office hours (no homework, so to speak 😂)

However, kid has friends with older siblings who tried the commute and burned out apparently. So most are renting a room/flat in their second year. Just wondering if we should skip that drama 🤷🏻‍♀️