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I'm finding a classic symptom of a boom nearing its peak, particularly in the inner west; vendors with high reserves/expectations after a small reno - auctions full of attendees mostly spectators...those who need to sell will but those who don't pass in and relist on the market with similarly...

Yes its all true...but none of the above will have any impact on what will always be considered 'prime' realestate in Sydney

haha, is this a troll post? Chatswood station if anything is even more accessible than Parramatta Yep and land has always been more expensive around airports all around the world right???? :rolleyes::rolleyes: the more land western sydney releases, the more valuable inner sydney and...

Yes I know what you are saying and do agree to a degree...but traditionally, the gap has been much wider between the 2 Sydney areas e.g. $1.4 mil in chatswood and surrounds compared to $700k in Parra....im just saying the ratio is skewed atm due to Western Sydney hype so its either Western...

5 Lamette - $1.76m 6 Kooringa - $1.6m how is that significantly higher than $1.5m? Parra and Chatswood is like Kia and Mercedes....I never suggested Parra is equal to Chatswood as that would be absolutely ridiculous and almost unfathomable. For an extra $200/$300k I would take that pocket of...

On That basis, we should all be buying up in and around Chatswood which already is considered a "second city" to Sydney and geographically/demographically miles better than anything in Parramatta... If people are paying $1.5mil for a house in parra then surely Chatswood houses should be...

Wow.... with that kind of money, you can buy a similar house in a much more "prestigious" suburb closer to the CBD I don't want to generalise, but I imagine people paying these prices are of a certain ethnicity who are driven purely by a need to live close to others of the same...

though there are many wealthy folk in Sydney, an orthopedic surgeon who represent probably less than 0.0001% of the population is a silly example to use when we are talking about who is propping up the foundations of an entire property boom

Yes - I can almost certainly buy a million house with cash if I sold down most of my properties... but my point is (modestly) - how many Australians have a large amount of properties to cash out? let alone $300k cash deposit? and even if they did - are they doing it to buy an average home...

Insane.... I have a $300k deposit for a PPOR in Sydney....initially looking for something within 20km of Sydney CBD with decent land component...am now looking at 30km radius....was comfortable going up to $900k~....but even the thought of a $600k+ mortgage with no cashflow scares the hell...