Wait until the May 2017 budget. The government may announce co-payment or tax incentive to keep the system going. For my situation I will jump and purchase a ne

Wait until the May 2017 budget. The government may announce co-payment or tax incentive to keep the system going. For my situation I will jump and purchase a new house if I can deduct interest repayment from my taxable income. It would level the playing field where as a investor you can deduct interest repayments from their taxable income but as a owner occupier you cant. I get a bit emotional about this because I went got a CS degree in 2000 and my colleagues quit high school at year 10, and purchase a house in 1998 for $80,000 and in 10 years time that same house was now worth $450,000. In that time they've leverage themselves with 2-3 investment properties. They pay less tax than I do and simply because they got in before the massive housing boom. Yes I'm pissed about the whole situation.