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It does seem there is a high expectation for all the bells and whistles or living close to the city. Even here in Adelaide new estates have huge houses on less than quarter acre blocks. The problem will be compounded once interest rates start to rise.
I firmly believe that many younger people see this as a right and not a privilege. Its part of the instant gratification expectation that people aspire to now. Don't forget that part of new house prices are the land on which the house sits. And; the ads we see here are houses which states prices start from "120K" but the house shown on the screen is not 120K, it is more like 340K. I suspect people get talked into buying expensive new houses.
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