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b8, with regards to your response to the following comments here with this comment...... Tax payable including medicare levy based on combined, but two single tax payers earning $50 & $55k is actually only 20,175, meaning $84,825 net pa. No family tax benefits taken into account here...

Ok, how about this one..... How about this property? It is probably worth $400-410k imo. $20k maximum to renovate to a PPOR standard. Then you have a fully renovated 2br apartment in Elwood. Yes Elwood baby! Near the Balaclava train station. The Sandringham train from here, takes 22...

In 2003 I bought a 2br apartment to live in Sth Melbourne. It cost ~$310k and i was earning ~$65k. Today , that same apartment would cost in round numbers $600-650k. If I was on $65k today, I couldn't afford it. So, yes, you are precluded from buying the same thing in Sth Melbourne. Does...