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And the idea of owning two, three, four, more properties? You do realise there's a good chance you will never live in this place. It seems like a good place to retire, to a 23 year old? I seriously doubt you'll be able to guess what you want to retire in. Money, on the other hand, is...

It's a bit late now, but learn for next time. You have time time to get over it, anyway. I don't understand that. Can you explain your thinking? That suggests you think the property buy will kill your ability to buy more? Put it this way, if you'd bought solely for investment, would you be...

My guess is yes, we've past the peak of the current Melbourne cycle. If you don't agree, that's fine. There'll be others, and you're young enough to experience quite a few more. Yes, it probably will go up, especially in the long run. But relative to your salary, something with that low a...

Saving is one thing (well done, by the way). Though isn't being at home one of the reasons why you can save so much? If you moved into that townhouse, your savings will drop like a stone. Convincing a bank to lend you 400k solely on your income of 50k is about some very impersonal bank...

I think you're too caught up in the 'I don't like renting' thing, and you're not seeing the bigger picture. For one thing, renting isn't a bad thing. It gives you flexibility. Renting is generally cheaper than buying the equivalent place, and saving the excess is financially beneficial...