Just received some data that shows that it now takes 14.2 times the full time annual salary for someone living in New South Wales to buy a house in Sydney.
That is more than double the ratio for Brisbane!
According to My House Valuation.com.au:
“Property experts suggest positive economic markers, an upswing in migration and relatively good value will lead to a boom in Brisbane house prices.
At the moment, competitive house prices in Brisbane is being led by interstate migration, which will be the tipping point between supply and demand in favour of property owners.”
The time to act is now!