If I was a first homebuyer looking to get into the Sydney market with a traditional standalone house or townhouse, I wouldn't be sitting on the fence right now. Market conditions are very similar to when we bought our first little fibro love-nest 30km North of Sydney. The lower end of the market was moving, but the higher end saw people bargaining hard and those properties were much harder to shift . The same weekend in 1996 that we bought our first 'handyman's dream ' place for $180,000 - the weekend paper headlines shouted "Sydney Property Market Crash"... and we thought "Oh no, what HAVE we done?"
It's all just part of the cycle.... Take a longer term view. If you see a place you like, think ten years down the track... make a decision... and may it be the right one for you!

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So when is the time to buy in Sydney and Melbourne? You don't answer the question you asked. Any time it seems. Of course, long term. But when is the best time in the current cycle?
A very misleading attention seeking headline with inconsequential analysis. Sure the population will increase but so will home building

Surely what you should have answered is when you, as an expert (??) consider and why it is the BEST time in the current cycle. As you say there are cycles so there are better times. No one expects you to be able to pick the bottom but what they want to know is should on balance should they at present wait?
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I agree with you Michael. Misleading headline. Fence sitting, useless perhaps non-existent conclusion.

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