Hi, We are a young couple looking to start our first purchase into property in sydney. Wife make 60k and i'm part-time student on 10k. Looking into property around sydney west (south strathfield, north parramatta, campsie) around the under 550k mark. Flat with less than 6 units. I am trying to convince my wife that its not the right time to buy, since reading property magazines that predict that sydney is at the top of its market price and too many new apartment plans being built yet to be completed. Well, I haven't convinced her well since I have no proof of the above predictions happening in the future. Will the price hold stagnate for next 5 years? who knows. If I play the long hold game of 10+ years would I still lose? who knows. Some questions Should we continue to rent and find out whats going to happen in the sydney market? and will we be making a lost if we keep renting since people say "rent money is dead money? Young blood first time buyer, everything is risky.