Housing demand has made homes expensive to some of us. There is a fast building public perception that houses in a few areas are close to being unaffordable. However, this line of thinking does not hold too much merit. In fact, Australia rates pretty favourably when you compare its property prices to the housing costs in a few developing countries. Statistically, Australia is close to being 6 times cheaper than Mumbai (India); world’s costliest place for buying property, writes Michael Yardney for the blog Property Update.

Futurists are busy drawing possible patterns for Sydney 2050. An article on the Sydney Morning Herald uses a lot of imagination to spur our senses. While the usual fare of “digital connectivity” and globalisation spawned “idea sharing” is being talked about, a few less-imagined points have been discussed in the article too.

There is little doubt that Australia needs more new dwellings. This is quite in the fitness of things, considering the population growth, prevailing low interest rates and the beautiful and timely lessons that we have learnt from the GFC. Larry Schlesinger for the Property Observer ‘observes’ the trend.