Final inspection had a sauvic detail demo for free, waxit wants $30
+1
although get in the market as soon as you can. If you trying to fund a house by yourself you will probably need a deposit of $20,000 - $50,000. If you nearly there, see if your parents can "gift" you the remainder of the deposit. By law its a gift, but obviously pay back the parents ontop of the mortgage. Better to buy house now and pay off as much as you can until 25yrs. Rent it out for 2-3yrs + your own repayment (whilst living at home) and you will cut down many years of your loan (and reduce the amount to repay monthly). Dont expect to sell it after 2-3yrs of capital growth, as the capital gains tax will shaft you.
Only downside to the above plan is that you dont get first home buyers grant ($7000) and not worth selling off in a couple of years as you will have to pay stamp duty for the 2nd place. Bundled with capital gains tax, you wont come out with a big profit. So choose a place which you see yourself living in after 25.
Back to you Bob.