Sydney homeowners rush to sell, page-13

Sydney is short changed...........
An average Sydney home 5 years ago was $900,00 where the Gold Coast was $500,000.
Now Sydney is $1,200,000 Gold Coast $520,000.
Sydney was 30-40% more than the Gold Coast 15 yeas ago.
It has been the Chinese that have pushed the prices. They hold the bag Sydney. Good Luck!

Comparisons-

Sydney you get for your $1,2 mill - 3 bedrooms, 1 bathroom size of a phone booth, single garage or carport or maybe a car spot on the road, kitchen & loungeroom plus maybe a garden.
Gold Coast you get $520,000 - 4, usually 5 bedrooms, 2bathrooms often 3, double garage standard many a triple, large kitchen, 2 lounge rooms sometimes a third & a good usable garden.

So Summary - you get twice the home in size on the Gold Coast for half the price. So Sydney is 4 times the price of the Gold Coast.

Yes they are overpriced. And they will be selling in droves except the ones that cannot or couldn't be bothered.