THE IMPORTANCE OF OWNING YOUR OWN HOMEWhy it is still important to own your home rather than to rent. In the case of a property rental your landlord receives all the benefit and you are out of cash.When you pay your own bond you receive the capital growth from your property. Owning your own property assist you to save money and living in your home at the same time. I will take my argument a step further. I would rather buy my first home in a less prestigous suburb than to rent in a prestigous suburb. By doing this I will be able to buy my second home with a deposit in better suberb. With your first property the bank will provide you with a 100% bond, and will normally finance your transfer aswell. Improvement to your property will increase the value of your property with possible future capital profits. If you rent your landlord will enjoy this growth.
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