A three-bedroom house in Darlinghurst, Sydney has sold for $1,200,000.

Usually, the above sentence would seem totally acceptable.

Darlinghurst is a very expensive, inner city suburb and the price above is standard for a three bedroom house.

However this particular house is completely unlivable.

In fact, it doesn’t even have a kitchen!

However don’t assume renting is another option… the Rental Affordability Index has stated many times that Sydney’s most unaffordable city in Australia for renters is Sydney.

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A whopping 40% of households in Sydney have essentially been ‘locked out’ of retal affordability.

Yay for the Sydney Housing Bubble!! (Not!)

Source: Pedestrian TV

KIIS 1065 Sydney