I have just came across a good publication by the NSW Parliament Research Service. Link below. Loads of info to digest which I don't have time for now but had a quick scan and this chart stood out to me. I am sure I have seen and discussed this on here before but worth another post.
As of June 2013 Sydney's house price index was lagging the rest of the country by a long way. So the recent "boom" "bubble" whatever you want to call it, is just a bit of catch up. I know there are other stats, income, debt etc. And I accept those as potential issues. But come on, Sydney is the biggest city, has arguable some of the best views in the country (and world). I mean come on Adelaide was out pacing Sydney...
This chart also highlights my concern about Perth prices.
Will try and have a read of the rest of the doc at some stage, will be interesting to see what others find in it too.
But for now it is beer o'clock!
https://www.parliament.nsw.gov.au/prod/parlment/publications.nsf/0/B3D723202932C63ACA257C61001D07AF/$File/Trends in home ownership - REVISED.pdf
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