This is an interesting and relevant argument to the prolific talk of the property price bubble in Sydney. Sydney's reputation as an iconic city is growing and if we consider other iconic cities (think Paris, NY, London) the expectation is for a premium level of pricing.

The truth is, its the first port of call for Foreign Investors and a lot of this comes from the soft power (or reputational pull) that Sydney exudes.

Our big cities are only going to get bigger and unless the level of supply can be kept up, or the infrastructure invested in to enable broader urban sprawl, prices will continue to be an issue.