Why is it so expensive to live in Sydney? A 2 bedroom Apartment cost $700,000 & Rents for $700pw?

Question

Who on earth can really afford that? I'm constantly amazed as a Real Estate Agent that kids in their 20's are prepared to take out half Million dollar Mortgages & CAN ACTUALLY AFFORD IT! What do these kids earn???

Answer 1

cos theyre greedy and want everything RIGHT NOW! they want to live where they want RIGHT NOW , theyre not prepared to live in the burbs to save up, they want the inner-city penthouse and plasma now, wateva it takes, even if it means not having kids to save money...