Debate is raging on whether rent caps are an easy measure to safeguard tenants from excessive rent increases, with some reporting hikes up to 77 per cent.
The cheapest median prices are in a string of inner west and inner south suburbs, but home hunters will be hard-pressed to find properties for less than the citywide median price.
Low-income households could not afford to rent the typical unit in any suburb of any major city, despite increases in welfare payments and rent assistance.
The fastest interest rate rises in a generation have led to the worst mortgage affordability in over three decades, with one city facing the worst repayment burden.
Builders are being forced to construct homes at a loss as consumers refuse to meet in the middle on out-of-date contracts that do not reflect rising construction costs.