There are several pros and cons of buying property in Austin, Texas. Here are some of them:

Pros:

1. Strong Job Market: Austin has a strong and growing job market, particularly in the technology sector. This has led to a steady influx of people into the city, making for a vibrant economy and housing market.

2. Growing Population: With a growing population of over 2 million people and increasing millennial population, Austin has become one of the hottest real estate markets in America.

3. Low Cost of Living: Despite being a growing city, the cost of living in Austin remains relatively low compared to other U.S. cities.

4. Great Culture: Austin is known for its vibrant music, arts and culture scene, as well as its exceptional food and drink offerings.

Cons:

1. Competitive Market: Austin's market is currently very competitive, which means buyers may face bidding wars, making it difficult to find a good value.

2. Lack of Public Transport: Unlike other major Texas cities, Austin doesn't have a reliable public transportation system. This means that commuters rely heavily on cars, leading to increased traffic and more time spent commuting.

3. Property Taxes: Property taxes in Texas can be high, which is important to keep in mind when purchasing real estate in the state.

4. Weather: The hot and humid summers in Austin can be challenging to some.

It is important to weigh the pros and cons of purchasing property in Austin, like any other real estate decision.