HI All,
Speaking with a few o/s friends today and we were discussing the possibility that Sydney may become increasingly like NY / London in the rental market where prices take up way over 25% of income and people basically rent for large periods of their life if they wish to remain close to the CBD.
Looking at some eastern suburbs rentals today, where some 1 bedders are getting 450pw without offering all that much and people snapping them up in desperation, I can see us heading down that track.
Speaking with a few o/s friends today and we were discussing the possibility that Sydney may become increasingly like NY / London in the rental market where prices take up way over 25% of income and people basically rent for large periods of their life if they wish to remain close to the CBD.
Looking at some eastern suburbs rentals today, where some 1 bedders are getting 450pw without offering all that much and people snapping them up in desperation, I can see us heading down that track.