Fair enough Cloudnine, I guess I was generally referring to the middle to lower end where in Melbourne prices have at best stalled but the fall if any has been very minor and made up in recent months.
Wasn't saying people on this thread think it will go up in a straight line, but just talking to mates and people outside of work (I work in finance) they generally don't see property going down, ever for more than a very short period, guess i consider that to similar to when everyone says the stock market is going to go up for ever.
We're intending to save 20% although more realistically it will be about 15% but with 2 reasonable incomes my early thoughts are to buy, pay off the loan as much as possible, then rent it out, buy somewhere bigger using the equity as a good solid deposit....hopefully!
Hence my views are clearly biased as although i don't see major falls i'd love a pause for me to save!
