Well I recently have been looking at a new place to rent and was surprised to see that I can't get anything under $550 for a 1 bedroom in the centre of the city. It only drops off slowly as you move away from Sydney City ...

We all know how overpriced Sydney is but at what point do you cut your losses? I mean $550 to rent is high but then again to buy a place in the city would be about $550,000 + strata + rates ... understandable why the rent is that high!

What you guys do ? Live further away and travel into city for work / dinner / coffee / punt / clubs etc and pay less, or pay more for the convenience?