Buy or rent

The Channel 9 News reader made a statement today "it is cheaper to buy a house than rent" due to low interest rates. It is worth noting that these interest rates most likely will not last for 25 years or for the length of the loan.

I agree with the idea and my thoughts are "buy a house in an area you can afford" and build on that investment to eventually own a home where you want to live.

Firstly, by browsing Chapter 6 you will get some positive guidelines that will help make a decision when you are ready to get into the market.