Well I was set on not renting ever at the time I purchased and so I thought that the kind of place I would by for purely investment purposes would probably not be the type of property I want to live in when I move out of home in a couple of years.
And the idea of owning two, three, four, more properties?
No i probably wouldn't accept a 4% yeild if I wasn't planning on living there at some point.
You do realise there's a good chance you will never live in this place.
I can afford to hold it! The difference between repayments and rental income is 600 per month so whilst at home im doing it on my ear. I am thinking ahead... would be a great place to retire
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 neutral. If you have money when you retire, you'll be able to buy whatever you want to retire in. Maybe you want something *new* when you retire? Buying a place now, at your age, thinking it's for your retirement, is wishful thinking at best, delusional at worst.
Don't make excuses. Especially not to yourself. What I or anyone else think of your decisions doesn't matter: what matters is that you learn the lessons and do it differently next time.
You're in a great position in terms of age, savings habit and you've already started. You should see good results in a decade or so.