"Then in 5 years after you have paid off some of your loan and your wages are higher you can take the next step towards gaining the home you really want"
1. The principal repayments after 5 years probably wouldn't even cover the agent fees on the sale and the stamp duty on the new property.
2. So I hear you say but there is a capital gain? Well perhaps, though I wouldn't expect too much growth in the far out locations that you'd be buying for $250,000.
