The world's least affordable cities: Sydney (#3), Melbourne (#5)

Interesting story on where the ultra rich are parking their money in real estate
and why.

http://www.usatoday.com/story/news/world/2015/05/31/global-house-prices-global-cities/25507897/

* "Australia's Foreign Investment Review Board says Chinese investors pumped nearly $6 billion into the residential housing market there in 2013. In an attempt to stem the flow of Chinese money pouring into hot spots such as Sydney and Melbourne — two of the world's least-affordable cities, according to a survey by Demographia — Australia recently announced restrictions on non-resident foreign nationals who want to purchase homes in the country."