Millionaire lifestyle is possible
COMMONWEALTH Treasury head John Fraser was right yesterday when he called the housing market in Sydney and Melbourne “a bubble”.
While other officials and their political masters have been reluctant to use this term, Mr Fraser said the evidence was unmistakable.
But he added it was not the case in the other capital cities. High-profile realtor John McGrath meanwhile named southeast Queensland as his best place to buy property right now “in Australasia”. He pointed out you could buy a “millionaire’s lifestyle” on the Gold Coast, or an inner-city worker’s cottage near the river in Brisbane, for the price of a one-bedroom apartment in Sydney.
These sentiments are another reason to celebrate why all Queenslanders are winning in life.