Pros of buying
● Even though the property market does go up and down, owning a property over the long term is generally a sound investment and a way to create wealth;
● By gearing a property — by taking out a home loan to buy it — you enjoy capital growth on money that is not your own as the value of your property rises;
● When you make additions or alterations to your property, you are investing in your own property and not somebody else’s;
● You have the satisfaction of owning brick and mortar;
● As a homeowner, you are paying off your own asset, not that of somebody else; and
● You can make improvements to the property in the way you would like, to suit your lifestyle.