[Cogito]

Sydney is one of the most expensive housing markets in the world [1].

It was actually much higher in the list, but the weak Australian dollar means that the US dollar stretches quite a bit further.

I seem to recall that cost of living in Sydney is also one of the highest in the world, but didn't find any sources on that.

[1] http://www.globalpropertyguide.com/most-expensive-cities

[krzyk]

Sydney 7,250 per m^2

Prague 4,569 per m^2

And now add earnings to that and Sydney is not that expensive. Pure price per m^2 says nothing, the important thing is how much m^2 I can buy with my average salary.

[oliyoung]

That was my point, it took cashing out shares to be able to afford there …

(source: home owner in Adelaide)

[rosege]

yep can definitely confirm everything is very expensive here