In the rarefied air of some of the most well-heeled neighbourhoods,it’s routine for buyers to spend millions without a mortgage.
Plans to move out of the city and buy a home in the regions come very close to stacking up - if workers can pull it off.
Potential home buyers are facing sky-high savings goals unimaginable even a decade ago,and looking for solutions to bridge the gap.
In two local government areas in WA,more than 10 per cent of the rental market is taken up by international students – well above the national average.
I’ve spent longer debating which frozen dumplings to buy at the supermarket than committing to a mortgage that ends two years before I’m eligible for the pension.
‘I just love the property. I’m very,very happy to be in this neighbourhood,’ said the new owner,who bid in front of a 100-strong crowd.
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Some of Sydney’s strongest house price growth over the past year hasn’t been where you’d expect,as demand outpaces the supply of homes.
There are more opportunities for buyers now than a few years ago in an end to the boom that had pushed prices to unaffordable levels.
Once-affordable areas not too far from Sydney are highly sought as families make a move for better value and lifestyle.
The average home buyer’s budget has been slashed by about 30 per cent over the past two years,but there’s little sign of house prices following suit.