Compare Home Owner Vs Renter
Hi there! We wanted to introduce you to a couple of people we know: Harriet the homeowner (who recently built her own home with First Home Buyers Direct) and Rita the renter. They’re the same age, both have the same income, share similar lifestyles and work in the same industry, but as you can see, Harriet is all smiles while Rita looks a bit worried. That’s because she’s not sure that the money that she pays in rent each week is working for her as much as Harriet’s mortgage repayments are. Sure, she has an extra $60 or so a week to play with, but after seeing Harriet move into her brand new home, she’s wondering whether that money would be better spent on something smarter than UberEats. To help you decide whether building your own home or renting is the better option, we’ve done a bit of a side-by-side comparison of Harriet and Rita for you. Harriet: mortgage repayments go towards paying off her house and building up an investment that will increase in value in the futu...