The Sydney Morning Herald published a feature article on how housing has gotten too expensive resulting in less people buying as they can not afford it.
No one in Sydney is winning with these prices. For first home buyers, it’s too expensive, tenants are overpaying rent and investors are seeing a reduction in their return all due to the increased interest rates.
For Morton, the market in April was still strong considering school holidays and the public holidays. Moving into Q2 Morton is looking for more consistency in transactions despite the Sydney Morning Herald article.