Renting Crisis - Is It Better To Buy a Home

The rental market is experiencing a lot of demand lately.  People often ask is it better to buy a home rather than paying increasing rents.  Home Loan Repayments may be cheaper than rent in a rising market with interest rates so low.  The decision to buy rather than rent will come down to your personal situation which includes your income, debts, and goals.

Parents and children may consider buying a home, siblings are buying homes together.  Friends are also buying homes together.  New Loan Products are being created so you are only responsible for your half of the loan.  Finance has evolved for new types of home lending which may suit your situation.

Building a house may not address the immediate needs of housing as it can take up to 6 months to build a home.  

During these COVID lockdowns, people are finding they are at home more and this may cause people to reconsider their environment.  Working from home and schooling the kids can be some of the changes which have changed our lives lately and these changes can cause you to revaluate your needs as a family. 

If you are considering buying a home but you are not sure where you are with  your finances, please give us a call on 0403 211 361 to discuss