Housing prices have dropped by more than in fifth in areas of Sydney, an impact that's had ripple effects throughout Australia's economy.

Eucalypt-lined streets of red-brick bungalows in the middle-class suburb were snapped up at hefty premiums by developers, razed, and quickly remade as apartment blocks.

Read more on: https://www.sbs.com.au/news/property-bust-rattles-australian-economy/