A recent piece from the UK's Sunday Times, this article which looks at some of the world's priciest property locations and where you might have to try instead if you can't afford them.
Here are some of the world's super-expensive real estate markets they mention and where you should consider trying as a next-best bet):
And here's the full Sunday Times section on Australia:
"Ask anyone who has holidayed in, or moved to, Sydney lately, and they won’t mention the weather or the beaches first; they’ll tell you about property values and the stratospheric cost of living. This year alone, Sydney house prices have risen by 13%, according to RP Data, propelled by a mining investment boom and Asian buyers. Bondi Beach, a prized enclave near the financial centre, is for the super-rich only, with detached homes starting at Aus$2m (£1.16m).
So those who are at home in pin-stripes during the week and flip-flops at the weekend are setting up their barbies in Inner West suburbs such as Erskineville, Newtown and St Peters. Still close to the centre, and with plenty of bars and restaurants, they are popular with younger buyers. Pete Wargent, Director of AllenWargent, a buying advisory agency in the city, says entry-level terraces in these areas start at Aus$700,000, but that doesn’t mean it’s easy to buy into the next hotspot: properties are often sold at auction, adding to the tension among competing buyers."