property myth 1

Seems to be a bit of talk about high prices in inner city areas and all sorts of reasons and blame. The reasons why inner city prices are high is economics 101. Supply and Demand. There is a limited supply of land close to all cities and there is a big demand, not just from baby boomers, investors or gen Ys. The cities have the best facilities, hospitals, schools shops, food etc all within easy reach. And guess what, the people with the money get the best slice of the pie. The suburbs with the highest prices are all within about 6 kms of the city centre. Only options to get into these buburbs. 1 Work hard and smart and become rich. 2 Rent and make beleive your rich. 3 Hang out in these areas and marry somebody rich. 4 Give up and be happy with your lot in life. 5 Pray for a big drop in prices and hate all rich or happy people.