Just for a reference point on how ridiculous Sydney is; $4,900,000 AUD will buy you this[1] about 50 minutes from the CBD. The mortgage loan book of the 4 majo

Just for a reference point on how ridiculous Sydney is; $4,900,000 AUD will buy you this[1] about 50 minutes from the CBD. The mortgage loan book of the 4 major banks here is hovering at about 50% interest-only loans. Nearly 1 in 3 people lie on their mortgage application too [2]. [1] https://www.domain.com.au/26-south-street-strathfield-nsw-2135-2013586225 https://www.domain.com.au/26-south-street-strathfield-nsw-21... [2] http://www.abc.net.au/news/2016-10-07/mortgage-fraud-systemic-in-australia-ubs-survey-shows/7911978 http://www.abc.net.au/news/2016-10-07/mortgage-fraud-systemi...