Problems with interest rates and repayments? Ask for home loan help.
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This is an interesting question and from a financial perspective a case could be made for both options.
If you rent a property it often costs less than financing and owning the property at the outset and if a disciplined borrower placed the cost difference into say shares the capital appreciation and dividends may exceed the return on the property .Without a very strong resolve to follow this strategy and with the lack of certainty in the stock markets there are no guarantees and a financial planner and taxation specialist should be consulted before proceeding on this path.
But buying and eventually owning a home is often as much an emotional issue as a financial one. A home can give a family stability and the benefit of location without the stress of rental renewal and landlord inspections. Owning a home is a source of pride and achievement and can also be the foundation of other investment strategies.
Banks are happier to lend against homes at higher ratios and lower interest rates than virtually any other type of security and government assistance is available by way of the First Home Owners Grant to people to buy their first home to live in.
In the end there is no absolute right or wrong to this question just opportunity.
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