Is everyone in Sydney rich or are they drowning in debt? How do people afford to pay $1,500,000 for crappy houses in such high density, high traffic, high crime awful places Luke this?
Sydney Eastern Suburbs apartments and houses being sold for many millions of dollars nearly all foreign money laundering. Locals that sell these go buy all the other properties in less expensive areas distributing price rises and displacing renters with tripling rents while federal government still holding floodgates open to unlimited mass immigration. In other words, Australia is a giant ponzi, nothing more than a ponzi, all thanks to bad government policies.
Is everyone in Sydney rich or are they drowning in debt? How do people afford to pay $1,500,000 for crappy houses in such high density, high traffic, high crime awful places Luke this?
Sydney is one of the wealthiest and in demand cities in the world. People are willing to pay a premium to be able to live in it.
Sydney Eastern Suburbs apartments and houses being sold for many millions of dollars nearly all foreign money laundering. Locals that sell these go buy all the other properties in less expensive areas distributing price rises and displacing renters with tripling rents while federal government still holding floodgates open to unlimited mass immigration.
In other words, Australia is a giant ponzi, nothing more than a ponzi, all thanks to bad government policies.