Pursuits

Sydney Home Prices Surging at 5 Times Wages Fuel Bubble Woes

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By Narayanan Somasundaram

April 27, 2015 at 7:37 PM EDT

Updated on

April 28, 2015 at 12:22 AM EDT

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Don’t count on a wage increase putting that Sydney home within reach.

Home prices in Australia’s biggest city have surged more than five times faster than wages in each of the past two years, adding to fears of a housing bubble.

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