Is the boom going to bust?

Added: 2026-05-26

[00:00:00]You're lucky to get a unit, a two-bedroom, yeah, for 120,000.

[00:00:05]>> By our calculations, these three-bedroom, mainly fibro homes are the cheapest houses in Sydney. But even if you bought one, you're unlikely to get change out of $75,000.

[00:00:15]>> I've been approved from the bank to borrow 85 to 90,000 and we have to miss out on a few few enjoyments in life.

[00:00:21]>> Sydney property has soared in value by as much as 60% in the past 6 months and there's no sign of the increase tailing off.

[00:00:28]>> Oh, we suppose we could rent, but I don't believe in renting. I think it's dead money.

[00:00:31]>> How long is it going to be before young couples, first-time buyers are going to be priced out of the market altogether?

[00:00:35]>> I believe they're priced out of the market now.

[00:00:37]>> Goes up and up and up.

[00:00:38]>> to get just a standard three-bedroom brick house with a garage.