First Home Buyer Pays $970,000 for Inner West Unit, as Investors Go Quiet The recent auction of a two bedroom apartment in Ashfield for $970,000 has sparked renewed interest in the challenges facing first home buyers in Sydney's property market.
While some may see this sale as an anomaly, it represents a broader trend that is redefining the dynamics of the inner west.
For decades, investors have been the driving force behind Sydney's property boom, with their appetite for rental yields and short term gains fueling growth in suburbs like Ashfield.