In the past 2 years I’ve been involved with valuations , buying and selling property within our extended family, both in Sydney, North Coast NSW and South Coast NSW and prices have significantly increased just in the past 12 months
My eldest son was lucky to buy his 4 bedroom home in January ( inner south west Sydney ) prices in his area have already jumped $50k to $80k for a similar property
It’s getting beyond a joke in Sydney and don’t think it’s going to plateau either
Ok for retirees like myself but very difficult for my kids and grandkids if property prices keep climbing (All of them work in Sydney )
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