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Yes to a certain degree if you're buying houses/Apartment over 1 mills, you'll get Really Cr@P neg cashflow. But if you buy 2 bed apartment around the west area/South West area, you can still get them between 500-550k with rent about 450-500 per week, that equates to ~4.5-4.7% gross rental yield...

Agree.... renting is the best! you'll be able to live in far more expensive property when renting vs owning your own PPOR, and you're less susceptible with economy changes and interest rate. Typically people who can afford a more expensive houses/apartment normally prefer to buy their own place...

exactly, majority of people living in capital city around the world is renting... We will be seeing more and more renter especially in the next generation. + Rent prices hasn't really gone up, instead some area you can see decline in rent prices.