Rents push battlers 90km out of city
LOW-income earners would have to move more than 90km from the Sydney CBD to realistically be able to afford a rental home, new research shows.
LOW-income earners would have to move more than 90km from the Sydney CBD to realistically be able to afford a rental home, new research shows.
THEY’D never owned a home but a lucky couple have become real estate moguls overnight after their $100 investment turned into three luxury properties worth $3.4million.
ANGELA Somerville thought she would never marry when she turned 39 back in 1985 — so she bought herself the ultimate singles pad. But now she is selling up after finding love and getting married aged 71.
RENOVATORS are reselling uninhabitable homes they bought for millions after abandoning plans to flip them — but many have become a struggle to sell.
THEY are in the same city but different pockets of Sydney have emerged poles apart from the recent housing boom.
PROPERTY experts have slammed reports of the Sydney housing market collapsing, pointing out the market is headed in a more unusual direction now that the boom has ended.
Sydney real estate has finally emerged from what economists are calling the “perfect storm” — a five-year boom period of wave after wave of home price rises.
A $1.2 million price tag has become the new “cheap” for houses within 10km of the Sydney CBD, with opportunities to purchase below that price drying up.
A UNIT with ocean views may not be what every first time buyer budgets for their home but for one northern beaches couple it’s a stylish entry into the housing market.
A THREE-bedroom house on a large block in Melrose Park was expected to sell to developers but sold instead to a couple prepared to pay $130,000 over reserve.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/188