In the first podcast episode of the OneRoof and Cooking The Books special look at the housing market, host Frances Cook looks at whether it's better to buy or rent.
Deciding you want to own your first home is a huge decision.
It has a big impact, not only on your finances but also your lifestyle.
So before you even start on the realities of pulling together a deposit or looking at houses, you need to figure out if this is the right time for you.
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Do you still need the flexibility of renting, where you can leave relatively easily?
Or are you craving the stability of a house, where you have more control over what you do to the property, and how long you stay there?
Will it be better for your finances if you rent long term, and try to put the money into shares instead?
Or do you want to work on paying down a home you own, so you can eventually live in it for free?
Cooking the Books host Frances Cook and OneRoof.co.nz commentator and former CEO of the New Zealand Property Institute Ashley Church are joined by Mark Lister from Craig's Investment Partners to debate the pros and cons.
For the episode, watch the video above or listen to the podcast below:
Listen to other episodes in the series:
Episode 2: Saving for a deposit
Episode 3: Negotiating a mortgage
Episode 4: The power of location
