Help, we’re being robbed.

No but seriously, recent data now shows the median Sydney house price is 6.4 times the annual income. So start saving your pennies because it’s going to now cost you a sweet $1,151,565 if you want to buy an ~average~ house.

By average house we mean like this apartment-sized cottage in Leichhardt that is just 126 square metres big, one that recently sold for $1.15 million. Now I feel where your thoughts are going … “I’ll just move to Melbourne”

Well no you bloody can’t. The capital of coffee isn’t an option now because the house prices have shot up 16% in the past year — in comparison to Sydneys 13.1%.

First-home buyers are a dying specimen, once making up for 18 per cent of the market is now at 5 per cent. Economist and market commentator Saul Eslake told Domain that first home buyers are pretty much ~screwed~.

“First-home buyers are squeezed out by investors … investors have crept up to 50 per cent of the [Sydney] market,”

Well no shit Sherlock.