I've heard that monash parking lot is a dangerous place for a nice shiny car, so i dunno if i should drive a bomb or get a better car.
Experiences anyone? Car door bumps, key slashes etc
I think Monash is the safest place possible to park a car.
The electric motor for the roof of my convertible stopped working the other week, so I couldn't get the roof of the car up once I got to uni.
Left it like that in the undercover parking all day (until 5pm) - came back and it was still in perfect condition.
I took precautionary measures by taking the front of my CD player off, my etag, and the money in my ashtray.
That having been said, I spose there is a danger that with so many noob drivers, your car may get hit when someone's trying to park.
This hasn't happened to me, and I'm not sure how common it is.
All this having been said: you should get a cheap car.
This is because you yourself are a noob driver.
I don't mean this harshly... it's just fact.
Consider it to be a "consolidating my driving skills" car.
I'd advise you to spend no more than a few thousand dollars.
If you do have left over money, then I'd agree with danieltennis - a first home savers account has one of the highest returns around, making it an awesome investment. Including the government bonus, I'm getting a 23.2% return on the money I've invested in my ME FHSA. The trade-off is that you basically can't touch this money for any other purpose than to buy your first home, but property purchase is also a fantastic investment itself.