There is a way for the younger gen to enter the first home...

There is a way for the younger gen to enter the first home market.
The tenant and ATO will pay for interest and outgoings as long as you do not occupy the property.
An example:
Home in outer suburbs of Perth around 300k.
100% finance @ 7% interest only, plus outgoings is around 2 k per month.
Tenant contributes around $ 900 PM, ATO makes up the difference of $ 1100 by allowing your taxes to fund the investment.
You will of course need a relatively good income to have a tax bill of around $ 250 PW, but a young working couple will easily have that amount of tax withdrawn from there wages.
You will:
Continue to rent your property in the short to medium term until you can afford to pay 2k PM to occupy your property.
Be able to improve your investment property with essential maintenance like gutters, painting and all other legally available maintenance and repairs care of the ATO before you occupy the property when these advantages are lost to you.
The bigger picture:
In 5 years when you transition from renting to owner occupying, all things being equal you will still owe 300 k.
The property may be worth more so you will have equity in the property.
If the property is worth 400k you will have earnt 100k for being a property manager those 5 years.
You obviously will not have to find 400k to enter the market today as you purchased 5 years earlier.
By purchasing now as an investor you will be able to participate in home ownership.
As with any investment there is a risk.
As others have rightly stated, in the short term prices may drop to less than your entry price.
As long as you DO NOT SELL and can hold the investment you will be OK.
Prices will inevitably keep rising in the longer term.
If you are in your 20s and hope to be on this planet and owning your own home for the next 50 years, it will be a sound decision to buy at the earliest opportunity.
Fifty years ago you could buy a house in Subiaco for $4000.
The median is now around a million.
That is 250 times your money.
The benefits are more than just dollars.
The stability in life that owning your home allows you to enjoy, is a better quality of life.
I remember being a tenant, and now as a home owner I would rather be on this side of the fence.
As you become a little older and wiser I recommend you buy a second and third property using the tenant and the ATO as described above.

All this applies equally to the equity market and you may just choose to buy $ 300k of BHP scrip.
Either way,just take advantage of the rules and get stuck in.

Have a great Australia day.