According to this article, 25% of Sydneys suburbs have median - TopicsExpress

According to this article, 25% of Sydneys suburbs have median house prices upwards of $1mil. The average yearly earnings for an Australian based on November 2013 figures from the Australian bureau of statistics is $58,201. At an interest rate of 5% over 25 years, the weekly repayments for a mortgage of $1mil is $1,347.97 per week, or $70,337 a year. The lack of affordability is noticeably putting a strain on essential services; most police, ambos, firefighters, council/construction workers and maintenance employees in Sydney city dont even live in Sydney, a lot travel from Wollongong, Newcastle, the Blue Mountains and Central Coast. How long can Sydney function as a city before a bubble bursts?

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