Hi all, just joined. Not sure exactly where in this forum to post this, but here it goes. I'm in my late 30s, married and have a 5 year old. We're in the market for our long term, 3 bedroom home in the Upper North. Have been looking at 3-bedroom apartments in the Pymble/Gordon/Killara/Lindfield area. Budget is 1.3M for a 3-bedroom apartment in a secure modern development with 2 bathrooms, and 2 car spaces, which go for around 1.3M-1.6M depending on size/location etc. So my budget is in the lower end of the range for what I'm looking for. If we sell a 2-bedroom apartment we own in the Inner West, we can spend up to 1.7M and then would be looking at 3-bedroom freestanding house in St Ives area. I've read that there's already something like a 5% drop in the asking price of Sydney properties with the COVID-19 pandemic causing some ripples. Logic tells me that with the global economy stalling, key industries in Australia such as retail/ tourism/ service taking a huge hit, the prices should drop further. So I'm strongly leaning towards waiting a while to buy, but question is for how long? There's talk of lack of listings putting a floor on the declines, but to me I think we could be at the start of a long recession. Any thoughts? Much appreciated.