Sydney median house price $1 mill plus

  1. 6,437 Posts.
    $1 million dollars plus is the median price for a house in Sydney

    Somebody convince me this wont end in tears - average wage is what $70/80k pa ? Are the banks handing out 50 year loans , this is absurd . I think the old formula used to be 5 x yearly salary was the cost of a first homebuyers home .
 
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