Who knows?

Im starting to think that buying a sydney house to live while the market is low may save us money compared to if we buy in 5 years,

but paying off a $500K mortgage NOW will cost us approx $41k per year in repayments.

This doesn’t look like a money maker. It looks like expensive Sydney living – (get in while you can type strategy)
Pay off a mortgage for 30 years etc. etc

if i buy and decided to sell, to lower my mortgage in 5 years or so, I assume These high repayments would cancel any capital growth i might see.

In your opinions am i

1. better off buying in now while the market is low and trying to rip into a big mortage whilst my

or

2. Rent and put our money into something that’s getting a better return?
However if i do this and make some good money wont i still then need to buy into the recovering sydney market down the track

Ron