Sydney home buyers hit for six

An interesting newspaper excerpt is copied below.

Sydney’s real estate boom has priced first home buyers out of the market, it reports.  751969_l
And the dreams of homeowners will be shattered with further increases predicted for this year.
The Real Estate Institute President said: “It’s a very difficult time for first home buyers”.
Sydney is the most expensive city for new home buyers, dearer than Melbourne.
People want to live beyond their means, but are having to consider looking at areas that aren’t their first choice, or even their second choice.
“Getting your foot on the ladder is the important thing” reports the piece.


Source: Daily Mirror
From the Daily Mirror,  28 years ago, on April 6, 1988.
Some things will always come and ago, others will fall in and out of vogue – the Daily Mirror for example! – and other things just stay the same…
Thanks to Derek Loy for providing the copy via Facebook.

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Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog

'Sydney home buyers hit for six' have 1 comment

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    June 9, 2016 @ 3:22 pm David

    Wow a recycled article for 30 years, $160,00 medium price in Bondi and Dragnet with Tom and Dan. Now I feel like going to the cinemas.


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