Don't think the ones struggling to get into the market are the ones with multiple investment property parents...
Greed for certain drives a lot of the pricing out of the market, including from those first homers wishing to live in suburbia instead of the fringe on a single income. In my search I've seen plenty of reasonably priced properties for 300k, an hour away from the city that could be mortgaged on a 50k salary with 10% deposit. If travel time from the fringe is the problem here, then the solution is to decentralise big business from the city and give incentive for someone to buy their first property in Officer etc. However, that being said, I feel there are plenty of jobs in industrial suburbia to be had. I do think a lot of people have this twisted idea that if you don't work in the city you're not going to make something of yourself, or if you don't live in the inner east your quality of life will rapidly deteriorate.