I have never thought the top 1% of earners are the only ones buying property. In fact, I'd be very surprised if they're buying a property here and there.
I don't get why people buy an investment property to get rid of it in 5 years. How is that setting you up for retirement? It's quite clear that people doing it that way are only doing it to reduce their taxable income.
My husband and I want to buy property for our kids' future, not to get out of paying tax.
If we did get approved for the cheap apartment it would most likely have been positively geared anyway.