http://www.smh.com.au/nsw/sydney-is...and-rising-housing-costs-20150509-ggwyj0.html
I simply don't think this is accurate at all, reason being is that most of the working group in these suburbs are tradies and lets be honest, they only declare income at around $30k-$38k pa unless they need a loan than their declared income will go up to $70k-$80k.
In Fact, these people have WAY more cash reserve than those that live in the premium suburbs. they are the ones that are less likely to get affected by and kinds of GFC, their only issue is they can't really get a loan even when they have millions in their bank account lol.
I simply don't think this is accurate at all, reason being is that most of the working group in these suburbs are tradies and lets be honest, they only declare income at around $30k-$38k pa unless they need a loan than their declared income will go up to $70k-$80k.
In Fact, these people have WAY more cash reserve than those that live in the premium suburbs. they are the ones that are less likely to get affected by and kinds of GFC, their only issue is they can't really get a loan even when they have millions in their bank account lol.