- http://www.smh.com.au/business/the-economy/how-should-a-property-bubble-be-measured-20150604-ghh7ap.html
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.
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