The security of owning ones own home with the added attraction of being able to get cheaper finance of the back of it is a much safer option in life as being a mere tenant. The reason houses are so expansive here is the ridiculous cost of compliance plus the 15% GST added on at the start. Solution is Govt pays back the GST to first home buyers to add to the deposit with the transaction recorded on the title to be paid back on the sell price of the home further down the track. This in the end would cost the Govt nothing as the price of the house rises along with the GST. I thank GAWD that I bought my first house a great number of years ago, and used the equity in it over and over in my various business ventures living rent free in my delap years. Fergus