Quote:
Originally Posted by Goethe
Sydney is out of control and has been for a few years now. Nobody can see it continuing. Except the Chinese who seem to be buying anything they can get their hands on. Be interesting to see how it plays out.
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Nobody? sorry that's nobodies anyone with an iq over 40 and money in the bank can see this gravy train hasn't even started. The NSW's Government just ensured that by announcing they are spending billions of new infrastructure projects. And interest rate hike will hurt and hit, but it wont calm the Sydney market unless your out west. Sydney has its own natural market as westies move towards city and beaches. We don't have enough houses for projected growth, large chunk of the building industry's about to be tied up with Government projects. Every second retiree in the state is dumping the house for two apartments.... prices are going UP!