Randwick teenager relaxing at home, blissfully unaware he’ll never be able to afford to live in Sydney as an adult

PRICED OUT: A Randwick teen has spent the afternoon kicking back in his lounge room, clueless about the mass exodus of Sydney due to its unaffordable housing, especially in the east.

“I can’t wait to grow up and buy a place like this,” the 16 year old told DBT, while snacking on chips and soft drink while lying on the couch at his parent’s $5.4 million dollar home.

“But I think I’d prefer to live in Bellevue Hill.”

Economists tell DBT the teenager would need to start saving roughly $1,800 a week immediately and continue until the age of 74 to even consider buying a studio apartment within 30km of the CBD.

His parents, who bought their house in 1994 for less than the cost of a new Range Rover chuckled politely when asked if they thought their son had a chance.

“He’s a good kid, but unless he marries an heiress, he’ll be moving out west or to Wollongong or Newcastle,” his mother admitted.

Real estate agents say the family’s home will likely be bulldozed and replaced by six luxury townhouses by the time the teenager finishes uni.