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.
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