It's been a quiet decade in truth for Sydney's property markets, but now they are headline news once again as both property prices and temperatures soar.
The reasons are obvious enough - low interest rates, an astonishing 5,000 people per month pouring into the city and an undersupply of quality dwellings in desirable areas.
Reports Sydney Morning Herald - there is "an unprecedented shortage of housing".
I'm not so sure about that, but certainly there is an undersupply of quality stock which people actually want to live in.
"Capital city house prices rose by almost 10 per cent last year, the highest yearly growth in four years, as record low interest rates increased buyers’ appetites for residential property.
Sydney recorded the strongest yearly growth across the capital cities, with an annual rate of 14.5 per cent in 2013. Perth, the capital city of mining powerhouse Western Australia, saw prices jump by 9.9 per cent, while Melbourne prices increased by 8.5 per cent.