A typical Sydney house costs $400-500 per week to rent, or $ 1200-1500 to own. Buying at the current prices, you would have to have real capital gains of $800-1000 per week (or around 5% of the purchase price per year) just to not lose money.
if $800-1000 a week is 5%, the 40000-50000 translated means tha the average house is some $800,000 to $1m. if you are refering to the east suburbs of sydney, then I agree. But to find a house for rent in this area for $400-500 i would find extremely difficult try $700-800 as a minimum.
Another example of someone providing false information to justify their arguement.
