Greetings all. Hope everyone is well. I don't really have a question today, but I would like to share my current situation and hopefully get some insight and even guidance. I'm 26. Still live at home. Have $60k saved. I earn about $60k a year now. I want to move out, sooner rather than later. But need to make a few decisions first. 1) Rent or Buy? Nothing new here. Obviously renting will be cheaper and less commitment, but at the end of the day I have nothing to show for it. 2) How much can I borrow? I can probably borrow $300k (maybe up to $350K). 3) Where to buy? I would like to live south east of the city, around St Kilda / Windsor / South Yarra. Can be kind of flexible though. 4) What to buy? Considering location and price, I would be lucky to get a decent studio apartment. Maybe a 1 bedroom apartment. 5) How to buy? Not sure how or if possible. But I was thinking my best bet would be to borrow 100% of purchase price then put my $60k into an offset account. I like the idea of having an interest only loan, then putting whatever else I can save into the offset account. If this can even be done, I don't know? Sounds fairly straight forward, but my dilemma is this! I don't really want to live in a small apartment or studio. It's just too small and generic really. Well actually, I don't mind a small living space to be honest. But I want some open space to use for training/painting/creating/building and I would love some outdoor space for bbq/gardening. Yeah right, don't we all... What I would really like is a factory/warehouse that I can convert. Or something that is already converted or partially converted for residential use. Unfortunately my budget doesn't currently agree with my wants. Do I suck it up and buy a small apartment for about $250k? Spend the next few years saving like a mad man. Then do I try and pay it off? Sell it? Rent it out? Then hope that in 5 years I might be in a position to upgrade. Okay, so there are a lot of question marks in there. I know these are questions only I can really answer. I just find it helps to actually sit down and put some of this in writing. Also, I know there is a lot of knowledge and experience on this forum and it's always good to hear from other people. So any comments would be great. Sorry for the long post as well. Thanks for hearing me out. Cheers.