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This is awful. We are desperately in need of supply. http://www.smh.com.au/nsw/illegal-accommodation-city-of-sydney-cracks-down-on-black-market-syndicates-20150616-gho8ie

In the eyes of foreigners:

And try buying off the plan. Even when it's expensive there's a long queue and you need to pay a nonrefundable $5k reservation fee just to have a look!

That's the Reserve Bank not the media telling us we don't have enough supply in Sydney.

Aha! http://www.smh.com.au/business/the-economy/reserve-bank-prepare-for-even-higher-house-prices-20150615-gholmq.html The Reserve Bank has warned of even higher home prices, saying stocks of unsold land suitable for development in Sydney and parts of other cities are getting "unusually low".

Better to have something than nothing.

Well why comment in the first place? Tsk tsk. Look at your post. There's no data included. It's just a personal attack without substance. Care to provide some statistics to counter my statements about The NSW market?

Jealousy makes you Ignore the data.

It's true. We get less than a dollar for every GST revenue we produce. I'm just telling the truth.

When you are building the country's largest infrastructure projects while the rest of the country (read: ALP states and bankrupt WA) is trying to save money, every revenue source counts. Westconnex and related extensions 2nd airport 2nd harbour rail and road crossing Sydney, Newcastle and...

See recent post about rents. Sydney is the only mainland capital where rents are actually still rising. The demand is there. The demographics is there. The economy is there. And it's a very undersupplied market. Unemployment is below the national rate, and Sydney contributes 3x to the...

"Sydney and Melbourne have both experienced significant growth but only one is facing a price correction, experts say." http://news.domain.com.au/domain/real-estate-news/property-price-crash-more-likely-in-melbourne-than-sydney-experts-20150613-ghm8xr.html?rand=1434159332835

So there you go. Australia's only Global City has both rents and prices rising. Because it's the place to be!

Rents in Australian capital cities are rising at their slowest pace on record. While Sydney and Hobart were the cities that posted the strongest rent rises in the year to May 31, steep falls in Darwin and Perth kept a lid on the national average. The latest CoreLogic RP Data rental index...

Would be interesting to see house prices adjusted for inflation over the years. Real house prices would actually make profit if the capital gains rate was higher than inflation.

As a Gen Y who bought a property in Inner Sydney using only MY savings, I say BS to that. My peers just want to spend money so they can post on facebook, and whinge on facebook how expensive homes are.