Sydney’s housing market is broken beyond repair.
Sydney’s median house price has passed $1.6 million according to Domain:
Median weekly rents across Sydney have also ballooned over the past three years, with detached houses experiencing the fastest inflation:
With affordable housing non-existent across Sydney, “ultra-modern single and double bed capsules” are now being marketed as an “affordable” solution to the rental crisis:
“Experience the next generation of fresh, affordable long-term accommodation in Sydney. Secure your lease today and enjoy the perfect blend of comfort, technology, and unbeatable location”, the advertisement reads.
“Each capsule is equipped with multiple USB charging ports, power points, and a private keycard for access. Control your capsule’s air ventilation and store small personal items in an in-capsule safe”.
The Australian Dream has transformed from a detached family house with a backyard, to a high-rise apartment, to a tiny home, and now a rented capsule.
We are not a serious country.
