I've just read an article in the Sydney Morning Herald. Here's an extract:

"SYDNEY'S rental crisis hit home yesterday when up to 100 people queued to inspect a single property ( )

The frenzy illustrated the predicament faced by renters, with agents warning the city's lowest rental vacancy rate in 20 years could push up weekly rents by as much as $150 by year's end. "

Another 150$ a week is something like 650$ a month (on top of what the price is already!). Who the hell can afford that kind of extra money? Or, put it this way, what kind of job do you have to do to make that kind of money? Is it really worth living in Sydney to become a slave 50 hours a week just to pay the rent?