Should I buy an established house? Or build?

It depends what type of home you want. Using average housing prices and building costs, building can be a cheaper option for almost all property types. If you can find a developer selling property off the plan, or if you can find some land to build on, that is. Meanwhile, buying an existing home can be cheaper if you are specifically looking for a prestige detached house or terrace house.

As we know, however, it’s all about location, location, location – and the market varies widely from suburb to suburb. Be sure to do as much research as you can about housing prices to buy and build before making any decisions about your own situation.