PHOTO: Brendon and Gauri Miszka are trying to buy their first home in Sydney during the city’s latest property boom.(ABC News: Daniel Irvine)
IT professional Brendon Miszka and his wife Gauri are inspecting a house in Sydney‘s north-western suburbs.
They’re looking to buy their first home but, despite good jobs and a decent deposit, they’re finding it tough.
“I think we’re competing with a lot of people that would be happier to take a lot more risk,” Brendon says.
“There’s a general attitude that you go off to the bank and see what’s the maximum that the bank is prepared to lend and then go out and try and spend all that money on a property and everything will be OK.”
Edwin Almeida is their buyer’s agent — he’s a property consultant who has 25 years’ real estate experience both buying and selling.
“I haven’t really seen anything as hot as what it is at the moment,” he says.
While real estate agents are often known for their propensity to exaggerate, CoreLogic’s latest March house price data backs up his observation.
“Over the month Australian dwelling values rose 2.8 per cent,” says Eliza Owen, CoreLogic’s head of Australian research.
Capital city house price growth outpaced regional areas in March.(ABC News: Alistair Kroie)
READ MORE VIA ABC
