Why get stuck on the rental merry go round.
The fabulous unit has CITY VIEWS, rent it, love it and buy it later!
This rent to own, is also known as a lease option which is a form of vendor finance, because the buyer leases the house with the intention of purchasing.
Please have a look at Tony Cordatos website, we use his law firm in Brisbane to provide the legal documentation for rent to own properties. http://vendorfinancelawyer.com.au/rent_to_own.htm