This is how Sydney will die: A young couple’s frustrating experience buying a house reveals how the Harbor City is heading for disaster

A young mother has told how she is about to give up after a frustrating and fruitless search to buy a family home in Sydney.

Gracie Lim said that after three exhausting weeks of trying in vain to find a suitable home in the suburbs, she is reconsidering staying in her “small two-bedroom apartment” downtown.

“The past three weeks have been completely exhausting,” Ms Lim wrote on social media.

‘Here’s the backstory: my husband and I finally decided to hop on a train to a suburb of Sydney.

‘After years of living in our small two-bedroom apartment just a 20-25 minute train ride from the city’s CBD, we felt it was time for a change.

“We started buying a piece of land in Sydney, and let me tell you, it’s exhausting.

“In our current neighborhood, homes are selling for between $3 and $5 million for a three- to five-bedroom home, which of course we can’t afford. Other places we looked at, like Ryde or the Hills District, are slightly more affordable, but still range from $1.8 to 2 million – still a tough pill to swallow.”

Ms Lim said she and her husband even visited Box Hill and Schofields in Sydney’s far northwest.

Sydneysider Grace Lim has taken to social media to share her frustration about buying a family home in Sydney

“Sorry, but living there felt like I was stuck in a Sims simulation – everything is eerily perfect and yet somehow soulless,” Ms Lim wrote.

She said she and her husband were “desperate for options” looking further afield, including the NSW Central Coast.

‘It’s undeniably beautiful: the coastal atmosphere, the charming houses and the relaxed lifestyle. Your $1 million will go a long way,” she wrote.

‘But then the constant sound of crickets ruined it for me.

“Right now I’m seriously wondering: Should we just stay in our little apartment? What would you do if you were in my position?’

She is now even considering moving to Melbourne after seeing what her husband’s work friend could get for his money.

“He bought a beautifully renovated three-bedroom Victorian mansion in Richmond for $1.4 million. It was absolutely breathtaking – I was stunned.

“I left with a feeling of envy because something like that would easily cost $3 to $4 million in Surry Hills.

“Now I’m wondering if it’s worth uprooting what we started here in Sydney and taking action.”

Her dilemma provoked a number of sympathetic responses, with advice on what to do.

“We made the decision to move from the inner west to Parramatta when the opportunity to buy arose,” one person explained.

‘We’ve had to make peace with a detached house that’s unlikely to be within reach any time soon (if ever) and ultimately found a relatively large double for under $500,000.

‘The area still feels vibrant and is well connected to Sydney.’

Another said: “We moved from the lower Blue Mountains to regional Queensland 24 years ago.

‘Leaving Sydney was the best thing we ever did, even though I miss the trains.’

‘With young children, I would prioritize a shorter travel distance. There were days when I had toddlers and I would count the seconds until my husband came in to help,” a third added.

“My cousins ​​in Melbourne bought a three-bedroom townhouse near Footscray for about $900,000. If my parents didn’t live in Sydney I would have moved to Melbourne,” said a fourth.

Although the Sydney property market has seen some cooling recently, this is not due to rising prices (Sydney house sales pictured)

Although Sydney’s property market has cooled marginally, this is thanks to skyrocketing prices.

Sydney’s average house price fell 0.1 per cent in October, while annual growth has slowed to 3.9 per cent, according to CoreLogic.

As recently as February, Sydney house prices rose at an annual pace of 11.7 per cent, with a monthly increase of 0.4 per cent.

In the other Australian capitals of Melbourne and Hobart, snake prices have fallen over the year, but there is still double-digit annual growth in Brisbane, Perth and Adelaide.

The average house price in Sydney is almost $1.5 million.