Why, in the world, would you buy in Sydney?
Sydney's property market has moved into a correction, but structural housing shortages and rental demand are helping prevent the kind of sharp collapse seen as a risk in some major global cities.
If Sydney's property market is to get a lifeline, a seemingly distant cut in interest rates would need to materialise sooner rather than later. (Image source: Valeria Venezia/Shutterstock.com)
Sydney’s boom has certainly ended but as property bubbles go, the Harbour City is far from the worst longer-term prospect in the world.
While it may come as little comfort to those who bought in the News South Wales capital in the past year or two, there are numerous cities around the world more precariously placed in terms of the property bubble truly bursting, as opposed to easing.
Sydney dwelling prices remain just 6 per cent below the 2022 …
