Christian Martinazzo, a 24 year-old legal officer in Sydney, wants to buy his first home, but with an estimated borrowing capacity of $355,000, his options are limited.
Given the cost of housing, Martinazzo has been looking on the outskirts of the city, like Leppington and Camden as well as Blacktown and Penrith because they are “significantly cheaper”.
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Les HewittSenior interactive graphics designerLes Hewitt is senior interactive graphics designer for The Australian Financial Review. Email Les at lhewitt@nine.com.au
