What’s Killing Australia’s Property Boom?

The video discusses the potential decline in the property market, with UBS predicting a worst-case scenario of a 30% drop if a deep recession occurs. Regulatory measures have been implemented to cool the market, including restrictions on interest-only loans. The Royal Commission's findings have led banks to tighten lending criteria, making it harder to obtain mortgages. This shift has turned the market from a seller's to a buyer's market. While this presents opportunities for first home buyers, high prices, especially in Sydney, remain a challenge.

What was the percentage increase in prices in Sydney during the five-year boom?

What is the average price for a house in Sydney as mentioned in the text?