[.:4:.]

So, yes renting a place is effectively paying someone elses mortgage for their investment property. If you cant deal with living with other persons and split the rent, its a lot harder to save up that sweet sweet deposit on a place to call your own. From personal experience, i bought my house in 2012 aged 25, the first 6 or 7 years of having a mortgage suck. But over time wages go up but the mortgage goes down. Repayments stay similar depending on the cash rate but it gets easier over time. Getting a mortgage depends a lot on what you earn and what you want to borrow. Then theres the deposit, stamp duty and all that crap. I got away with a 5% deposit. Dunno if they still allow that, but 2012 was a long time ago sorta.