Your first home might be closer than you think

Not sure if you can afford to buy your first home? It might surprise you how attainable building your first home is. Often you can achieve your perfect place for what you are paying in rent.

Yes, we said it – it’s time to put your landlord on notice!

We’re here to help you blaze your own trail to homeownership, by connecting you with your dream location and perfect new home.

Don’t wait any longer – take our rent vs buy quiz today and see what’s possible.

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Convert your rent

How much rent do you pay per week?

Often you can achieve your perfect place for what you are paying in rent. Use our calculator to see what's possible.

Over a 2 year period you will pay your landlord

$money

Go Back and start again

If you want to stop paying your landlord's mortgage and get into a home of your own, find out if you qualify now!

Do I Qualify?

Should I rent or build a house instead?

There are many factors that influence whether renting or buying a home is the right decision for you; your financial situation, lifestyle, and long-term goals.

Buying a Home

Pros

Every mortgage payment contributes to your ownership of the property and your future buying power.

Owning a home provides long-term stability and the freedom to modify your living space.

Property values in Australia have historically increased, offering potential capital gains.

Cons

Purchasing a home involves upfront costs like a deposit, stamp duty,
and legal fees.

As a homeowner, you’re responsible for property upkeep and repairs.

Property values can fluctuate, and there’s no guarantee of appreciation at the point in time when you want to sell.

Renting a Home

Pros

Renting offers the freedom to move without the complexities of selling a home.

Renting typically requires a smaller upfront financial commitment compared to buying.

Landlords are usually responsible for repairs and maintenance.

Cons

Rent payments do not contribute to property ownership and so you do not get financially ahead.

Rental rates can rise over time, affecting your budget.

Renting may offer less stability if the landlord decides to sell or not renew the lease. In the current market, the low vacancy rate, also means you don’t have much choice if you do need to move.

You may not be able to add to or tweak your home how you would like.

This is where we can help you!

*All financial and pricing information should be used as a guide only, For more information based on your individual circumstances please contact Custom Financial Solutions WA ABN 71 640 621 352. Corporate Credit Representative Number 523596 is authorised under Australian Credit Licence Number 389328.