just put an offer on a 3 bedroom property on a 280sqm block in bentley on the weekend as a first home buyer... will be renovating it myself as have builders in the family, and will not be selling it in the forseebale future. being 13mins from the CBD, which is growing at a ridiculous rate (as is population), i really struggle to see how in the long term i will wind up a massive loser here as a lot of you bears are suggesting. even if population growth and everything slows down, it still only has one way to go - up.
in 40 or so years when i retire i am pretty sure i am going to be happy that i worked hard now to save a deposit and put my money into a property that i own rather than pissing it away in a rental that i can't even modify/improve using the resources that i have at my disposal.
