I am in the investigation stage at the moment which leads me back to my financial situation.  I dont want to get ahead of myself and realise that i cant afford/dont have the equity to buy my first home.  My other point is that i am still living at home with the parents and do not have equity in my own home. The upside is i dont have any committments other than a car payment which will be paid off in the next 6-12 months i hope.

If i was to buy i was looking in the area of Newcastle or surrounds.  I note there is a F3 freeway extension leading straight to Kurri Kurri and this looks like it may drive prices up in the area.  Maybe a reno strategy in this area might be an idea? Depending on purchase price though