Young and need advice..first home buyer

[skater]

I don't know Phillip Island at all, but you could consider what the rental market is like there, as well as purchase price, and if it ticks all the boxes, you could purchase the Philip Island property as your first property, but put tenants in it & continue to live with your parents.

In fact, there are quite a few investors with more than one IP, who rent where they live.

 

[impala67]

...close to were I am living at the moment in Croydon North 500sq with a slight slope...

Have you considered other 1-2 suburbs further out like Lilydale?

Houses with decent blocks are in your price range and has a train station etc.