House prices in Oz are a joke and should plunge at least 40 percent. Its so expensive buying a house in Sydney. My sister bought a house for $800,000 out in the West n its not as big as u would expect given that price. I pay $500-600 per wk for my apartment n I live alone. Ideally I'd move somewhere cheaper but I love being close to the everything (city, shops, beaches etc). Give or take a few years I could afford buying an apartment/condo straight up cuz I aint about no debt.