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Why not rent SYDB? Forget your distaste of paying off someone's mortgage, and look at the figures. KeithJ mentioned 4.5% yields on rental properties, and I've heard of them being lower. That makes it far cheaper than meeting the interest payments on a mortgage, let alone making inroads...

The main reason that the RBA has been warning against a housing bubble is to make buyers cautious, and reduce the need for intervention (i.e. raising interest rates) that might damage other sectors. That people (like SYDB) are paying attention to this and questioning purchases show it's...