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This week’s YouTube clip puts a hilarious spin on Sydney’s property pricing bubble and the stresses of bidding at auction.
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The video (see below) follows a first home buyer couple bidding on an overpriced Sydney studio apartment.
The auctioneer captures the sentiment of Sydney’s booming market by explaining: “In this country, you’re no one until you own real estate… so you better buy something and you need to buy it soon.”
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The absurdity of the premise cuts close to the truth, with Sydney’s median house price hitting $1 million in July this year.
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