"Affordability, that's what we've got on offer here today," announces the auctioneer of a two-bedroom flat 12 kilometres from the CBD with a guide price of $650,000.
"For those entering the market, and for investors, it ticks all the boxes," he continues, opening a frenzied bidding session that doesn't stop until $780,000.
And herein lies the entire problem with Australia's faulty housing market.
Every weekend, first home buyers and investors duke it out to snare a modestly sized piece of the great Australian dream.
And it's clear who is winning.
Read more: http://www.smh.com.au/money/a-manifesto-for-generation-rent-20170220-gugyts.html