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It does . We're in the process of doing that , though our downsizer is still upper north shore , but smaller house and land so less maintenance and in a nice flat area closer to station . Still wanted a house , and for work and recreation upper north shore is closer , so less travel . Might...

MIW link not working . Can you save it as an active link ? Cliff

We did the same 20 years ago . First house , a California bungalow with outside toilet in concord west . Reno . Sold and moved to pymble in 94 . It's an ongoing cycle. Cliff

There's also a lot of people moving from inner west to north shore . Small house on a small block with crowded streets and lousy traffic , vs larger house , more space for not much more , probably the best train line , plus the schools ...... Cliff

I think they are concerned about paying too much because the media is calling it a bubble . If it's a bubble and it pops they might be thinking they can buy for cheaper in a few months . I've only seen that happen twice in sydney , in the recession we had to have and the GFC . We're not there ...

Not sure what is happening in 5 mill Plus . I'd check out title deeds ( SMH column for that ...) I do know the lower top end is moving . Something that would have been selling for 1.7 - 2 is now aiming for 2.4 - 2.9 . Upper north shore , as new 5 - 6 bed ( read four beds + 2 studies ) with...