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Hehe, yeah, thought so. It was either a naive young kid who wanted to overextend himself financially, or one who's parents were putting in a large chunk of cash. Nothing wrong with that. I think we are all investing for similar reasons. to make our lives easier, and hopefully to help kids...

Good idea to start thinking about property, but are you really sure you want to start with a 700K property? That's gonna be $35K in interest alone at 5%, and even more later ($56K at 8%). Maybe you should be thinking $200-350K range now. Not many uni students I know who have $50K-70K...