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Australia's Treasury Secretary just said Sydney house prices are 'unequivocally' in a bubble. http://goo.gl/pB07l1

May be the House Price to Income Ratio will affect the prices in future. http://www.businessspectator.com.au/article/2015/5/26/property/property-boom-borrowed-time

Fair Trading said I need to get it inspected though their licensed plumbers. I cant do it, as I am not the owner. Strata doesn’t know anything about this. Looks like current owners are not aware of this. There are around 30 units which are not compliant. Dont see how this can happen in Sydney!

I will inquire with Fair Trading tomorrow. These are bunch of townhouses around 13 years old. So not sure if it is a case of work that is not updated.

Thanks. I might have a forgo my deposit on this. :mad:

did you get any info. from Fair Trading? I am in similar situation where i got a contract signed.

What location is that? Looks like market is slowing down. having said that there are around 500 auctions this weekend.

That’s a great example. Australand is building around 800 new homes around the train station, which could also affect the rental market of townhouses bit far from the train station. Also it will increase the prices of the older lots, if the new townhouses are dearer.

thanks. Saw few townhouses around 12-15 years old, 5kms from blacktown station for that price. new townhouses are coming up near the station for 550k + Not sure which one would be better in terms capital gains for the future.

I am looking to buy my first home in Blacktown/Rootyhill area. Got around 190k in savings. Considering the crazy prices, I am looking to get a townhouse around 430-450k mark. I want to rent it out in next couple of years. What would be a better strategy ? townhouse or house? Your advice is...

@brady - I am looking in Brisbane southside. Townhouses around Carindale, Carina & for houses have seen few in Springfield Lakes. House prices around brisbane city is very expensive. My question is - Is it worth to go outskirts to Springfield lakes to live in house(for capital growth) or...

Hi, I am looking to buy my first property. But i am in dilemma for choosing between townhouse (near city) vs. house (bit far) , as i have budget of 370k in Brisbane. I want to buy property, which gives some capital growth / rental returns in future. Please share your thoughts.