Interviewer: Paul what do you reckon?
Paul: Yeah, look, I think places such as Rhodes and Homebush, there’s a lot of supply in those markets from the apartment side of things and I think it’s a fair bit coming in the next probably year and half to two years as well. Ultimately, the Sydney market from the way I see it has got a lot of sideways movement and in certain markets probably a little bit of dipping to do as well.
So, I personally would not be rushing into that market. Take your time. Rent in certain markets if you do want to see that opportunity because rent comparatively from mortgage prices is absolutely dirt cheap.
So, I would be personally saying be looking down that pathway to really figure out where you want to live and take your time because you’ve got that on your side as opposed to what the last five years gave anyone in this market.
Interview: Yeah, how much time do you think they have? How long do you think they could wait it out?
Paul: Look, I personally think if anyone’s prepared to really I mean, crystal ball-gazing here but I think if anyone’s looking at intentionally buying into the Sydney market over the next six to twelve, eighteen months, I personally think we’ve got the best part of between two and five years because we see any significant changes to what’s happened over the last five years.
Interviewer: So, they shouldn’t feel so bad to having to wait the market out a little bit longer?
Paul: Definitely not. Definitely not.