[XB GS 351 Coupe]

Bought our block for $165K 3 years ago, paid cash for it, so no loan, had the choice of three blocks at the time, one next door and one across the street, we picked the best one of the three blocks, best shape, most level, best aspect, no restrictions, no bush fire zones etc.

At Christmas time block next door sold for $379K, this week block across the road sold for 400K.

Now tell me I am better off paying rent, to pay someone else property off.

By the way the first house I bought I paid $179K and sold for 380K a few years later, plus I got to live in it for that time, paying about $250 per week into the loan for a 3 bedroom double garage two bathroom in Sydney

Next house cost me 420K and sold for 550K a few tears later...wish I had been paying rent all these years.

25 years after buying my first place I am still waiting for the bubble to burst, but all I see is prices going up.