Buying 2nd Property - Question

I always think its better to buy. But buy a place you know will make a good IP in the long run or you can easily sell. After all while you are living in the place you can add value to it and you can sell it if you decide because it technically is your home not an IP so you won't attract capital gains. Of course you have to pay interest and principle on your loan but you are young and single so your income should increase. I never understand why young single people don't buy and live in their own unit, and then increase the value of their property. Its such an easy way to make money.

I only rented once for 6 months, (of course it was cheaper to rent a really trendy unit than buy one) but I hated the fact that $400 a week was going into someone else's pocket.

If you buy an IP then rent a place for yourself, sure you get the tax benefits from the IP but what are you going to do with that? Will you pay your IP off or will you spend it...Think about your habits and what is realistic and what you want to achieve in the long term.

Just my 2 cents worth.