Thinking about buying your first property? Have you considered what government incentives (if any) you may be eligible for? Not only is it important to think about what your borrowing capacity is, it is also important to think about how you will make mortgage repayments and how the property can be held? Do you live in it or use it as an investment? How does it fit in with your overall financial goals and strategy? What are the tax consequences when you decide to sell it in the future?