Episode Details

Sydney remains Australia's most expensive city for property, but first home buyers can find units under $700,000 in suburbs like Riverwood, Dundas, Meadowbank, Ingleburn and Macquarie Fields. Houses are significantly cheaper in regional areas including Armidale, Dubbo, Tamworth, Clarence Valley and Goulburn. Rising interest rates and market uncertainty are creating more negotiating power for buyers, though a $700,000 property with a 5% deposit requires monthly repayments of $4,000 and a household income of $150,000 to $175,000.

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