Well, it’s time to choose your dwelling. The biggest decision on the table is how exactly you obtain your residence - do you rent your new home, or do you get a mortgage and purchase?

Making the step to purchasing your first home is a huge milestone in your life. There’s nothing quite like the feeling you get when you are truly the king of your castle. Plus, owning a home just makes sense when the financial differences between ownership and renting are compared side-by-side.

Grants to get you in your first home

About the time that GST was introduced, the Government created the first home owners grant to offset the effect the new tax would have on home ownership.