Many Sydney families assume a softer property market will make it easier to upgrade to a larger home. However, the reality is proving quite different.
New data shows the gap between a typical three-bedroom and four-bedroom house in Sydney has widened to approximately $270,000, highlighting the ongoing affordability challenges facing growing families.
While property values have moderated in some areas, the combination of higher interest rates, tighter borrowing capacity and limited supply of larger family homes continues to make upsizing difficult. As a result, many households are exploring alternatives such as renovations, extensions or relocating to more affordable suburbs further from their preferred locations.
Equilibria Finance Managing Director Anthony Landahl recently shared his insights with the Sydney Morning Herald on the challenges facing Sydney upsizers and the trends we’re seeing across the market.
Read the full article here.
Anthony Landahl | Managing Director Equilibria Finance
This is for general information purposes only and does not constitute advice. With all of these options there are a number of considerations outside the scope of what is covered in this article that you need to understand to ensure your personal circumstances are taken into consideration.
Equilibria Finance is a mortgage broking practice specialising in delivering residential and commercial mortgage and business and asset finance solutions to the clients of financial advice and accounting practices.
