Fear of paying too much is replacing FOMO as house prices surge to record high levels

Fear of paying too much for a house is replacing that fear of missing out as property prices surge to ridiculous levels, new research shows.
In just six months, Sydney's median house prices has climbed by $129,400 as Australian home values soared at the fastest pace in 32 years.
But in one beachside suburb of the nearby Central Coast, house prices surged by $575,000 or 68 per cent in one year.
With property price records being set in more than two-thirds of Australia's housing sub markets, potential buyers are increasingly worried about being ripped off.
Fear of paying too much for a house is replacing that fear of missing out as property prices surge to ridiculous levels, new research shows. Pictured is a Sydney auction

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