Much like ECMAs reply in this thread, I've also resigned myself to pretty much never owning a home. Although I earn enough to get by on, I'm out 80-90% of my weekly income in rent, power, internet, and food leaving practically nothing to save. I hardly ever eat out, thought I had a decent job and try to put as much as possible in high interest, but every time I look in my savings and think yeah that's looking good, I check house prices and a deposit has gone up another $1500 on what I've saved. It's debilitating, a feeling that I'm literally putting in all this work for nothing. Sadly, it's not just living close to the city anymore, anywhere within a few hours of Sydney is ridiculously expensive. Much like you, I'm not too concerned about carrying on renting, and I have time to wait out the market, but if this trend continues I feel like my whole generation will be permanently locked out of the market, and hence out of one of the most effective retirement savings vehicles the system has.