I'm 28, single and looking to find my own place after saving for about a year. This is my first ever time in the real-estate market (perfect time apparently) so I don't know much, but after browsing thru prices for the last couple of days I'm disgusted. Apartments cost virtually the same as a full-sized home! How is that even possible?
I'm not talking about the city. I'm from Western Sydney and plan on staying there. A decent, semi-modern apartment runs at least $480k in Bonnyrigg. Parramatta and Baulkham Hills the price rises another $100k on top for just a single bedroom place, and that's not even counting the strata fees which can be around $400 a month! Honestly for all that money I can just buy myself my own private 3-bedroom mansion (by comparison) and enjoy the luxury of a backyard too. What's going on?
I was kind of set on an apartment because I like living small in a populated area but not at that price. Would appreciate any insight.
Check out lower priced Perth houses FTHOI. From $165,000 at this time for a 3 bedroom old cottage with 700 - 800 sqm land.
Sydney prices boomed while ours have dropped (especially low end ones) for over 10 years.
In other words RE opportunities might be hot in WA but Sydney seems poor choice comparitively, to me anyway.