Can someone explain this to me ?
I don't think it's only because of, or even that related to, pricing of houses alone. It can't be just general globalization or the rise of China either (other places in Asia are subject to the same phenom).

Historically, up to the mid-80s, Sydney was affordable - even as young blokes, me mates and I all owned a flat, a car, then had some expendable income left.

Then came the housing thing (change of laws under Hawke??), then it just took off globally - early to mid-90s. Sure thing salaries haven't followed suit.

So how, why ?

(Conspirationists need not reply...)