{"id":77,"date":"2015-07-13T17:43:15","date_gmt":"2015-07-13T07:43:15","guid":{"rendered":"http:\/\/www.inspectmyhome.com.au\/blog\/?p=77"},"modified":"2022-03-29T14:47:30","modified_gmt":"2022-03-29T04:47:30","slug":"first-home-buyers-locked-out-of-inner-west","status":"publish","type":"post","link":"https:\/\/www.inspectmyhome.com.au\/blog\/first-home-buyers-locked-out-of-inner-west\/","title":{"rendered":"First Home Buyers Locked Out Of Inner West"},"content":{"rendered":"<blockquote><p>A house similar to the dilapidated old shack pictured will set you back $2.46 million in the suburb of Merryland (that&#8217;s what someone paid for a similar house in June 2015)<\/p><\/blockquote>\n<p><!--more-->With first home buyers competing against private and overseas investors on price it&#8217;s hard for individuals to find a house in the inner west to call their own. First home buyers may instead have to settle for apartment living in the many new high rise apartments set for development in the Parramatta region.<\/p>\n<p>The median price for property in <a href=\"https:\/\/www.inspectmyhome.com.au\/parramatta-building-pest-inspection.html\">Parramatta<\/a> in 2005 was $472,000 this has now nearly doubled to $900,000 in 2015. Surrounding inner west suburbs are not much better with Ermington&#8217;s median property price sitting just shy of $1 million at $935,00. Some are hoping the &#8220;housing bubble&#8221; will burst and if it doesn&#8217;t are concerned where the next generation of Sydney residents will need to move to to afford to purchase a new home.<\/p>\n<p>If you are considering buying property in <a href=\"https:\/\/www.inspectmyhome.com.au\/building-pest-inspection-sydney-inner-west.html\">Sydney&#8217;s Inner West<\/a>, it is important to conduct a <a href=\"https:\/\/www.inspectmyhome.com.au\/pre-purchase-property-inspections.html\">building and pest inspection<\/a> to get an idea of the properties true condition and to buy with confidence. Call us on <a href=\"tel:1300337447\">1300 337 447<\/a> to arrange an inspection, or simply <a href=\"https:\/\/www.inspectmyhome.com.au\/booking.html?region=Sydney\">book online<\/a> today.<\/p>\n<p class=\"read-more\"><a href=\"https:\/\/www.dailytelegraph.com.au\/newslocal\/parramatta\/firsthome-buyers-locked-out-of-real-estate-market-in-parramatta\/news-story\/0af9821a3a5406204d2fc8f371ca833c\" target=\"_blank\" rel=\"noopener\">READ ARTICLE<\/a><\/p>\n<p>Image by: <a href=\"https:\/\/flic.kr\/p\/dbLETS\" target=\"_blank\" rel=\"noopener\">Perth HD Productions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A house similar to the dilapidated old shack pictured will set you back $2.46 million in the suburb of Merryland (that&#8217;s what someone paid for a similar house in June 2015)<\/p>\n","protected":false},"author":1,"featured_media":503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,18,15],"tags":[],"class_list":["post-77","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nsw","category-central-west","category-sydney"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Home Buyers Locked Out Of Sydney Inner West | Inspect My Home<\/title>\n<meta name=\"description\" content=\"With first home buyers competing on price against private &amp; overseas investors it&#039;s hard for individuals to find a first home in the inner west.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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