Buy Now or Wait and Save Tool
Buy now or wait and save? The question facing many potential home buyers today.
There are many factors, both financial and non-financial, to take into consideration when buying a property.
This tool is a financial comparison of two outcomes, whether to buy property today, or wait and save a larger deposit.
It does not take into account non-financial factors such as the peace of mind of owing your own home, or the ability to add personal touches on the property.
To find out when buying now makes sense or when saving is a better option, read our homebuyer case studies below.
About this tool: While this tool can help you make a decision, it is not intended to be a substitute for professional financial advice. It does not have a servicibility function and the tool assumes borrowers can afford the monthly repayments. There may be other benefits, such as the First Home Owners Grant, or exemptions on Stamp Duty which may be applicable to your personal circumstances, and are not included in this tool.
If you have any questions or feedback regarding the tool email buynoworsave@genworth.com or contact your Genworth Partnership & Distribution representative.
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