We often think of that first home purchase as both a personal and financial achievement, but should we regard it so highly?

According to the 2016 census, the home ownership rate amongst people aged 35 and younger is about 51 per cent; that compares to 83 per cent amongst baby boomers and older generations.

What is behind this generational divide? And could there be merit in choosing to rent your home? Bridget Casey, founder of Money After Graduation, an online financial literacy resource that includes eCourses and workshops. She's also a proud renter.