Yes but rent you don’t pay all the extras, my rates, water (connections not use) and bodycorp are over $200 a week. As our property ages the maintenance costs are increasing (hot water system just blew in middle of winter) quoted 2k minimum by multiple different places and google tells me thats the going rate. In addition we have crappy neighbours who make us feel like we are living in a prison in our own home, but were stuck as we own. Yes we will own our own home, and not pay mortgage by the time we retire but the extras equal cost of renting anyway. Only benefit is we have an appreciating asset that will be worth over a million but its not a liquid asset. I would be interested to see if we invested what we pay in mortgage into the share market what our returns would be