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Sydney house price falls: more affordable for middle class

By Patrick following x   2018 May 31, 9:37pm 680 views   4 comments   watch   nsfw   quote     share    


https://www.news.com.au/finance/real-estate/sydney-nsw/sydney-house-price-falls-homes-more-affordable-for-middle-class/news-story/3b67d656bac9d9d9cc51ae096b995880

This was out of reach of average income buyers wanting to avoid “housing stress” — that is defined by spending more than a third of income on mortgage repayments.

But since then, average prices in these areas have dropped significantly which, coupled with lower interest rates, made the suburbs affordable for middle-income buyers again.

A similar trend occurred in Sutherland Shire suburb Jannali, where the median price of units dropped by 17 per cent to hit $615,000.

Median unit price falls of up to 16 per cent in Pennant Hills, West Ryde and Asquith also meant these suburbs were affordable for average households again, after being inaccessible last year.
1   bob2356   ignore (4)   2018 Jun 1, 3:16am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Six times income is affordable? ROFLOL.
2   APOCALYPSEFUCKisShostikovitch   ignore (38)   2018 Jun 1, 3:29am   ↑ like (0)   ↓ dislike (0)   quote   flag        

As long as any Australian can live inside, money for INVESTOR!s is being left on the table and the market is being oppressed by twisted marxist ideologies.
3   Ceffer   ignore (1)   2018 Jun 1, 10:26am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Face on the barbie! Just buy from Mad Max Realty!
4   APOCALYPSEFUCKisShostikovitch   ignore (38)   2018 Jun 1, 4:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Yes! Toss another FACE! on the barbie.

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