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Coming from someone who has been looking for an investment property in the FHB range I can tell you 50 houses is absolutely nothing in an area/suburb. I have weekends where I will hit 15-20 open houses, every open house is packed with people itching to get their offers on paper there on the day...

Some very valid points Kennethkohsg. Shadow, what would you consider a suitable range for first home buyers? That's a very broad statement to be making that there is plenty of houses in the first home buyers range! Just because 50% of housing is below the medians of $500-600k, a majority...

Let me guess...you had to hike from your shoe box to school every day through waist high snow, uphill, with no shoes, while dodging man eating snakes? :D

Of course you don't have to buy for $500-600k. My partner and I certainly didn't. We paid $290k for a 900sqm block with 3 bedroom house 8km from the city. Todays wages as a bank clerk and apprentice would probably translate to around $65k joint ($40k/$25k). A quick look for cheap QLD land...

You paid it off in a couple of years? You must have been on some sweet wages or perhaps property was cheaper compared to wages back then. Partner and I are on around $80k combined. Mortgage of $273k on a property now worth around $340-350k. We certainly haven't over extended ourselves or bought...