Sydney, at the moment, is going through a veritable housing crisis in which demand far outpaces supply. In consequence, at least in the central parts of the city, the median asking price for newly listed properties has reached record heights. Can you spend more than $1.5 mill dollars on a new dwelling? Maybe if you are already a homeowner, so you can leverage the real-estate growth of your existing property. But, if you were only a tenant so far, buying a new dwelling at this price point might be a challenge.