Hi guys, Long time lurker here, really appreciated all the valuable information on this site. My partner and I are currently considering seeking some professional advice on the direction we should take. We have only recently settled in our chosen fields and are at a point where we can save considerably. I thought I'd see if I could get any insight from some of the users on here. About us.. 28 and 27. No kids. I'm employed in a very secure role in the Emergency services sector and she is professionally employed in a secure role in the commercial world. Gross combined income of roughly $160k per annum No large debts (Except HECS), No credit cards. Savings of $20k, will be at 60K by mid year 2017 at current rate. Parents on both sides who are willing to go Guarantor on a home loan in order for us to avoid LMI. I am at a crossroads and tbh slightly worried at how the market is panning out. Grew up in the inner eastern suburbs of Melbourne and have accepted that we are completely priced out of these areas if we were looking to purchase a house. Countless work colleagues have said that I need to jump into the market asap and that any deposit I save up will be gobbled up by the rise in prices by the time I get to a point I'm happy with. They think I should use a parental guarantee to purchase now without the need to save a deposit (Not positive that this is possible) Options I've shortlisted .. Keep saving, continue renting, hope that the market doesn't continue skyrocketing and buy when we have a large deposit saved. Purchase a unit in the inner east @ 650-750K (Camberwell, Surrey Hills area), live in it, do it up and in 5-10 years when we are ready for kids move to a larger property. Purchase a 2br Half House or small house in the Carnegie, Murrumbeena, Hughesdale area. Potential to renovate and increase bedrooms in the future and close to family, friends and work 800-900K. Purchase a 2br Terrace house in Collingwood, Richmond, Fitzroy North area. Great for work, potential to renovate. Can't understand how these places are still under 1 Mil... I know they are small but they are so scarce and IMO offer so much more than an apartment in terms of lifestyle (Maybe someone can explain the negatives or why they don't go for much more) 800-900K Purchase a house in Bonbeach, Seaford region. Spouse's parents live down this way and we have always thought one day it would be good to raise a family down there. Could potentially purchase, rent out as an IP and when ready have it as our PPR. 550-750K. Purchase a 2br House or large villa in the Parkdale/Mentone area. Great area and that bit closer to the city that we could probably consider living there now. 500 - 750k. Purchase an IP. Don't really want to commit to the rent-investing strategy though. The problem I guess I and many people my age are having is that I am seriously worried that if I don't do something now in terms of purchasing a House/2br House etc that soon enough all areas in the East and South of Melbourne will be completely unattainable due to the boom in prices.