Sploosh wrote:P R; when I was looking for somewhere to buy and live in earlier this year it was all pretty stressful ('pretty' being a euphemism for outrageously/shockingly etc etc). But I have to agree with just about everything that's been written so far in this thread; to start with, get something that is liveable, even though it won't be perfect. Later, you can improve it, or sell for something else, or even hold onto it and rent it out.
But it just seems like affordability is getting worse and worse. Even trying to save like mad for an extra year to have a bigger deposit isn't worth it; the difference in the price you'll most likely have to pay a year from now will be a lot more than the amount you can save.
Good luck, P R. The looking/buying takes a huge amount of time, money and stress, but after you move in, it's definitely worth it.
My first house in SA was a 1950s 2-bedroomer in Vale Park, and my last a 35 square job on Delfin Island, with private lake front - only kept it 12 months as we didn't really like it there, and rented in the Adelaide Hills before moving to Melbourne.
The market in Melbourne is booming again, but prices are falling in the UK.