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It's threefold. 1) Costs of development. 2) Lack of certainty in development 3) Lack of leadership and decision making from pollies.

Or is it someone like Pearl Wong who buys property and lets them fall into disrepair all over the country in hope of making a killing on them in the future?

Yep. No one is disputing it takes sacrifices to purchase a property. But at least I am honest enough to say the rise in property far out stripping the rise in wages has had a significant positive impact on my investments.

Oh completely agree. At the moment some areas, especially areas of sydney, are overpriced. Others are good value. For what its worth I'm 28 with four properties. But I also rent.

Been there done that. Missed out on things and been at the right place at the right time. I also see people only a couple of years younger me having a harder time getting into the market that I did.

Maybe someone who is struggling to afford to buy a house is in a better position to understand than someone who just caught the wave at the right time.