It sounds good nhg but if one has to wait for long it can harm. A mate bought a house in enfield in Adelaide before 3 years and there has been hardly any growth on it.
Now I can go and buy a property in same suburb at price close to what he paid without paying interest for 3 years.
3 by 1 the block about 500 - 600 cant remember I paid 300k for it maybe I overpaid its rented out for 310 p/w
but just bought another one settlement was meant to be today but has been delayed 10 mins down the road still in Morphett Vale for 305k 3 by 2 700sqm block and that will be rented out for 340p/w.
total debt 530k rental 650p/w still paying for themselves.