‘It’s been hell’: underquoting in hot housing market frustrates young buyers – The Guardian

Every three or four weeks, the neighbours say, the scene is the same. It is a cold Saturday morning in Dulwich Hill in Sydneys inner west, and dozens of hopeful buyers have turned out for an auction. Its a two-bedroom house on a nice street, near the park. The price guide is $1.25m. The street is full, and every one is wary.
Michael and Tom, a young couple, are there along with Michaels family for support. They say that house hunting is hell.
You could write 20 pages on the young people

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