More than half of Sydney's homeowners say they would be unable to afford to buy a house in their own area if they were starting over and entering the property market now. 
A survey gauging Sydneysiders' perceptions about housing costs has found the majority are pessimistic about any improvement in affordability. Half of those polled said that, based on the costs of living balanced with employment opportunities, it would be less affordable for their household to live in their area in three years' time.
Social researcher Mark McCrindle said the results showed there was "visceral" concern in the community about the soaring cost of shelter.
The survey found 52 per cent who own their home outright, and 54 per cent of owners with a mortgage, believed they would be unable to buy in their area in the current market.
When renters were added, the proportion saying they would be unable to afford to buy a home in their own area rose to 61 per cent.
Only 8 per cent said they would "definitely" be able to buy into their area now.
"That tells us something's not quite right," Mr McCrindle said. "It's an Australian dream that has faded."
The survey of 1020 Sydney residents was conducted by McCrindle Research, for Urban Taskforce Australia, an industry group representing property developers.