An old cobber of mine from my time on Bougainville spends his retirement days moving from place to place: six months here, six months there, and if a place really appeals to him, he may even sign a twelve-month lease.
After the Gold Coast, Port Douglas, and Cairns, he just now signed a twelve-month lease on a unit at Boyne Island, 25 km south of Gladstone and a stone's throw away from the beach at Tannum Sands.
The rent is a bank-breaking $160 a week for a fully-furnished two-bedroom unit with beds, fridge, dishwasher, and a comfortable lounge with telly. They even supply the oven gloves in the kitchen!
As he writes, "Just moved in today. Fridge stocked with a very nice German brew and a kilo of prawns and nice crunchy bread rolls. Seventh heaven! Bloody hell, life is grand!"
I know this question has been asked before albeit in a different context, but here it is again: why buy when you can rent?