[RussellDussel]

Sydneysider here, 24 years old and pretty-decent salary. Maybe if I save for several more years, and buy with a partner, we may be able to afford a 1 bedroom apartment, with some financial help from our parents, in the outskirts of Sydney.

[Cub3]

It's now more expensive to buy in Wollongong (Sydney outskirts) then in New York http://www.wsj.com/articles/worry-over-debt-as-australian-ho...

[deevus]

I know the feeling. I'm 30. My partner is 26, from the Sutherland Shire. If we are going to get a place near her family (which she wants so badly) I just don't know how we're going to afford it. Even if I make a 6 figure sum, adding her teaching salary probably won't be enough to afford the housing prices out there.

Couple this with the fact that neither of our parents have the money to help us buy a house... I'm pretty sure we're doomed for now.

I keep thinking to myself... save or invest a tonne of money and wait until the housing bubble bursts to buy a house. I'm not economically savvy really, so I don't know how good a plan that is.