The pros and cons of getting on the property ladder

Most first-home buyers spend a lot of time thinking about the deposit, but the bigger question is often whether buying now actually makes sense.

Getting on the property ladder can mean building equity, having more stability and putting your money towards your own home instead of rent. But it also comes with upfront costs, ongoing maintenance, mortgage repayments and the risk of interest rates changing.

For first-home buyers weighing up whether to buy now or keep saving, it helps to understand both sides of the decision.