It is very rare that a political reporter makes what I regard a valid and pragmatic point about the property market. However an article in last Sunday’s Sun-Herald by Lisa Carty about Sydney’s suburban dwellers complaining about lack of public transport sure made sense. Following are some of the points that I felt most relevant to buyers:
“The people who buy in the north-west [of Sydney], and the south-west for that matter, are able to buy a family home for far less than those who choose to live closer to the city.
“People who choose to live on the fringe pay much, much less for their homes than those who choose a smaller place – even a unit, God forbid – with better services, closer to the city.”
“The choice for Sydneysiders is stark – you can hold on to your suburban dream and the money you’ll save on real estate you’ll spend on transport.
“Or you can spend a lot more money to buy closer to the city but pay comparatively little for transport, and save yourself hours on the bus or in the car.”
“But the fact is no one made them move to the frontier – it was a choice they made. Sadly, it seems many of them underestimated the real costs, in time as well as money.
“In a perfect world, everyone would have access to great public transport but in our imperfect world, only the filthy rich live without compromise.”
Couldn’t have said it better myself.
Contact me at info@gooddeeds.com.au if you would like a copy of the whole article.
For more information on buying property in Sydney http://www.gooddeeds.com.au
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