I bought with my brother in S/East QLD as a principle residence, and am saving my next deposit for a new place to live and rent out the current one. Its not flash, but of sound quality and required little work when first bought.
My committments are 1.93 x current income and his are 1.67
When I see friends my own age still living at home with the olds or renting and wasting the rest of their $ going clubbing all the time etc it is they I feel sorry for.
What property I feel is really good for is not capital gains (what a lot of investors buy for), but rather a stable and continuous flow of income in retirement + a roof over my head.
