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yeh but many probably earn nil as well (and work no time)

? you would need a heck of a lot more than that to live in Sydney. Professional salaries are about $150k in Perth and I think the equivalent in Sydney is $300k but you would need that uplift to pay the ridiculous housing prices there

if they really want, the locals can buy the finished product at a discount on completion when the otp buyers flood their stock onto the market. think of it like this... the land component is stuff all, so effectively we are exporting a bunch of materials at a healthy mark up. Tony aint so dumb...