Its a hard topic. Its even worse at my age. I have mates that love cars, at uni, never owned their own car, and want to buy a house before their first car!!!
Obviously if you can afford it, a house would be the way to go.
Just for example, I have a mate going for a home loan at present. Pretty much 20k deposit, and looking at borrowing around $250-300k (Apartment). The repayments a week are around $500 a week for 25yrs.
Not cheap, easier to afford if you're partner can chip in also.
I don't regret taking a loan out for my car for one second. I mean, im only 19 and seriousness will come into play sometime soon, but for the time being, I'd rather have nice car whilst im still young, enjoy it, settle down and then look at something like a home years down the track Being 24, I suppose its in between..that's how old my mate is thats taking out a home loan.. and he sold his VL turbo to do so.
He thinks its the right thing to do... and if you feel the same just go and do it.. saying that.. $500 a week is hard to come by.