I live with my parents and thus have very little expenses and believe I am saving quite well, even have some money in shares. Have a stable job (albeit relatively low paying as I am a junior, just out of uni).
I would like to look at buying a house in the next few (1?-5?) years but I already have enough to afford a deposit for a reasonably priced house.
However I am wondering if it would make more sense to buy now and take a larger loan out or if I should wait a bit longer saving up more money so that I don't have to borrow as much money and thus pay less interest.
Another important consideration is the fact that I will now be paying for other expenses, such as food/water/electricity/internet/etc. But having a property is an investment as house and land prices constantly increase.
How do I know when it is best financially for me to buy the house? or does it just come down to; whenever I want to move out?