THE BEST OPTION FOR ANY GEN Y WANTING TO BUY A HOUSE IS TO TAKE UP THE GOVERNMENT'S 5 YEAR SAVING PLAN AND GET THEM TO CHIP IN 17% ALMOST TAX FREE AS YOU SAVE 5K A YEAR. THEN ADD THE 14K (MIGHT BE STILL 21K YOU NEVER KNOW) AND BUY ANYTHING YOU LIKE WITH ABOUT 50K SAVED AND HOUSES AT HALF PRICE.
Sorry about the caps, just don't want to see anyone get burnt right now.
I am in the process of selling my house (Sept when the optimism is in) and renting for 4 to 5 years, I'll be able to skip 2 suburbs when I buy back in.
Phil
$50 per share in 2017, page-20
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