Arguing over methodologies while the RBA's rate cut is cause huge issues.
Sydney property is on fire right now.
Going to be some massive bargains in 2018 when rates go back up to 5-6%.
Just got off the phone with a broker on an apartment I was interested in to find out the vendor wanted $680k for a 2br/1bth/1pk.....the same apartment next door sold for $570k last year (albeit about 15m2 smaller and smaller balcony but same room sizes).
Considering max rent would be $520pw.....freaking nuts, no way this ROI can justify the sales price.