Didnt really know where to stick this but i think this was the most suitable section for my situation for you to ponder.
I am a fulltime student, living at home and working casually. I have no debts, own my own car and have no intention of moving out and paying someone elses house off. My goal for 2009 was to begin to save for a house and I have progressed well, now having ~$6k cash with Ubank (5.61% at call) and ~$3k worth of shares (WBC/MTS). My goal for this year is to progress to a trainee-ship (casual≠loan) and continue saving $250/week, although I'm unsure if I should concentrate on saving cash or look to purchase more shares?
what would you do if this was your situation? level of savings cannot be increased (although tax return would be added in). time is on my side and my prediction (hah) is that the housing market will remain stable or slightly decline with rate rises in the next couple of years or so, in line with when i would be able to enter the market