Purchasing a new pad

[Yeti]

I think that to answer that question we should get some input from members who work in the mines.

The mining boom continues and while it's meant to run out of steam this year or next, Oz still runs wild with its wealth.

Prices are ridiculous. Something has to give. Australia used to be cheap, from what I hear. You could buy a house and beer was well reasonable.

 

[jamaicabound]

I'd say location first as even a small studio in a good location will rent easily. I would say go for the two bedroom if at all possible, if you find a deal shouldn't be that much worse than a 1 bedroom and potential rent will be higher, will also be easier and better for resale.

Also, I know alot of people dont like roomates but honestly you can probably have a roomate paying your mortgage and splitting utilities. Sure you have someone in your space but think about all you can do with that extra money.

I had a 3 bedroom duplex I was renting to two of my buddies. Had all my bills paid for me for over 2 years which allowed me to save alot and splurge on some trips.