Sydney’s priced-out buyers heading to Melbourne

  • Sydney is losing out as priced-out purchasers, desperate to get a foothold in the property market, increasingly turn to Melbourne to find more affordable homes to buy.

Melbourne property developers and agents are celebrating a massive 30 per cent jump in inquiries from Sydneysiders eager to purchase in the southern capital – some without even seeing what they’re buying – knowing they could be shelling out up to half of what a similar property in Sydney might cost.

READ MORE VIA DOMAIN.COM.AU

Priced out

Gayatri Mahil, 30, and her husband Gautam Manu, 38, are among a growing number of Sydneysiders who are buying investment properties in Melbourne. Photo: Kirk Gilmour

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