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Perhaps that was the case previously, but now that prices are 15% lower in real terms, plus 40% lower in AUD vs USD terms, and mortgage rates are plummeting (rates will probably be halved from the peak of the interest rate cycle), things just got a lot more affordable, right? Especially for...

Rents through the roof, vacancy rates at historic lows, interest rates plummeting, sales volumes strong and rising, rental yields rising, house prices approx. 15% lower in real terms from the 2003 peak... All looking good for Sydney - in a year or two we'll be booming! Those who don't make the...