Settlement Guide: Should you build or buy your house?

While home ownership has been on the decrease in recent years, it’s still considered to be an integral part of Australian life.

Familia yapumzika ndani ya nyumba Source: Getty Images

Whether you'll buy an established house or build a new one, property experts say both options have their advantages.

When you start thinking about owning a house, ask yourselves a few questions: How long are you planning on staying there? Where do you want to live? What kind of house do you want? What can you afford? Do you want to upgrade to a nicer house later on?

Once you've answered these questions, it should help you decide what the best option for you is.