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Buying a Home Vs Renting a House

Stop Renting! There has never been a better time to buy.

If you are a First Home buyer then the conditions are ripe for you to stop renting. With Interest Rates at a record all-time low your opportunity to buy your own house has never been better. With rents still going up, it is now possible to buy a home at North Harbour for less than or equal to what you are now paying in rent. If you are eligible for the First Home Owner grant the equation gets much better with $15,000 dollars’ assistance available for buying or building house and land valued up to $750,000. With the First Home Owner grant, you will need as little as $21,000 of your money as a deposit. Here is an example of how this works:


*The amount of $379 is a weekly amount based on the purchase of a $450,000 house and land package at North Harbour on land size not exceeding 400sqm with a loan at an interest rate of 2.29% over 30 years principal and interest fixed for 3 years with a deposit of $36,000 consisting of $15,000 FHOG (subject to approval) and $21,000 contribution from purchaser. These rates are subject to change without notice and to approved purchasers. Land subject to availability. [This example does not include costs such as loan establishment fees and legal costs].

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