"Aussie home prices world's most-overpriced: survey" More confirmation (if any was needed) that living in Sydney seems to be getting more and more expensive - this time from the Economist. When I first got here I thought things were a little cheaper than back home, if more expensive compared to other places in Oz. Now it's just feckin' expensive plain and simple. We're currently apartment hunting again because they just keep jacking up the rent here by $20 a week every 6 months (and because of the horribly loud construction site outside). The way things are going I could never imagine being able to afford somewhere that wasn't a 3 hour commute from everywhere.

Proof, as if any was needed, that Sydney is now one of the most expensive cities in the world (at least in terms of property). According to this recent article: "A survey of global cities put Sydney at the top when it came to the percentage of income spent on mortgages." The Sydney Morning Herald was mentioning this back in January too: ''The average household would be required to pay more than 50 per cent of its income to service a new mortgage on the median-priced house in Sydney or Melbourne" Just another reason why I doubt I'll be buying a house in Sydney, just like so many other people in work too..