Why You Would Not Buy in Sydney Now?

Unless you are so strongly attached to family there, or you have some kind of super duper special job that only exists in Sydney, why choose to live there? The numbers don't stack up any more. Same goes with Melbourne. Geelong, Ballarat, Toowoomba etc are calling for you!

 

I did the M4 going East just after work last Tuesday night. Such a great run at the speed limit! Previously evenings it was always chocker block and slow, just horrible for someone who doesn't usually drive in peak hour traffic. This is so much better. Even when I got to where the M4 joins Parramatta road, I got straight on, no need to wait for traffic lights to change. So damn good.

 

Big investment is coming near the new airport. That is probably the only place you should invest. I've heard Sydney's WTC would be coming up in that region.

 

This is the only M4 that you guys should worry about:

Bought using the cashola saved from not having to buy a home in Sydney of course!!!

 

In that case... NEVER buy in Perth!

 

OK I believe you

 

eastern suburbs are having pretty solid results still, though far less turnout rate at auctions compared to last year.

it will always be high demand, whether you have the cash is another story.. im still looking to buy another one in the east if a deal stacks up!

 

Did the Eastern suburbs correct in the last bust cycle of 2003/4??

 

I don't have the data, would you know how it compared to the rest of sydney during that time?

 

No I don't, but I am pretty sure someone like @See Change would have a good idea on what happened??

 

It dropped < 5% on average after 2003. Dropped a bit more in 2009/2010/11 (circa 10% on average) but the GFC was hopefully a once/twice in a generation event.

 

Right

Australian property dodged a bullet, with regards GFC, Compared to what happened in Europe and USA
Melbourne property market 2008 GFC was booming

Different story for share market it crashed in Australia 2008 - GFC