Sydney housing world's second-most expensive

(AERA2) 17 July 2000. Stock. Sydney. Aerial shot looking over house roof tops. (AAP PHOTO/Dean Lewins). Source: DIG

Sydney has been named as the second most unaffordable housing market in the world - according to the annual Demographia.

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Property prices are continuing to rise with a number of Australian capital cities entering uncharted territory.