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Come to Sydney those same suburbs are 50km+ from the CBD and a...

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rona142

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13/10/23

09:19

Post #: 70322786
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Originally posted by The_Proletariat ↑

All this talk of mortgage stress... it's true for some, but I recently travelled to the new outer-Western suburbs of Melbourne - Tarneit, Truganina, Manor Lakes etc. They're around 25-30km from the CBD, and one can buy a freehold, new 4/2/2 house for the low to mid 600's, and a 3/2/2 for mid 500's. There are shops, hospitals, road and rail links to the CBD and the area seems nicely streetscaped. I think Australia's "housing crisis" is nothing more than a crisis of expectations - many people can't afford a 5 bedroom house on a quarter acre block 5km from the CBD so they prefer to lament rather than look outside the box.

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Come to Sydney those same suburbs are 50km+ from the CBD and a 4/2/2 on 450m2 is $1.1 mill.

We sold our terrace (3/2/1) on just over 200m2 in a similar suburb for $830k in May.

Last edited by rona142: 13/10/23
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