Search results

I'm sorry, but I don't follow. Who, exactly, are these upgraders? The 40-50 year olds you are talking about would have little interest in living in an Inner West dwelling valued at 1-1.5 mill. At that price you are looking at 2br (maybe 3) in Marrickville, Dulwich Hill, Petersham, Lewisham...

Well if the FHBers aren't going to be buying the $1 mil + properties of the Inner West, then who will?

When exactly, will rates rise? The RBA kept rates on hold for the 18 months prior to their most recent rate cut. The RBA is expected to keep cutting, especially with the overvalued dollar. In fact, which Western Economy has actually raised their rates in the past 12 months? I don't know of...

CBA home loan calculator is offering $1.2 million for a couple earning $200 000 gross income with $3000 worth of monthly expenses. This is at current rates. If rates keep dropping then I don't think $1.3 million would be impossible.

Skater, you have made some fair points but I don't think it is fair to compare buying to renting. I think we can both agree that whether or not someone can afford something is dependent on whether or not they have the money to pay for it. Most people purchase a property with some combination...

I am inclined to agree with BV. Where will renters find the extra income to pay for ever increasing rents? If they aren't going to increase dramatically then I can't see how they would be able to afford the increase you want. You might argue that those renters would then move out of...