With almost a whole generation locked out of home ownership, young Australians are finding ways to vent their frustrations, whether it be slamming patronising commentators in the media, posting videos online, or defacing property signs.

With property prices, particularly in Sydney and Melbourne, soaring into the stratosphere, it's not surprising to see some push back from the growing numbers who are losing any hope of buying their own property.

Over the current growth cycle, which began in June 2012, Sydney property prices have rocketed 74.9 per cent, according to CoreLogic, and Melbourne prices have risen 54.3 per cent. (Though Perth prices are up only 6 per cent over the cycle.)

Source: CoreLogic.

By comparison, ABS data shows that wages only grew 1.9 per cent in the year to December 2016.

First-home buyers now only make up around 13 per cent of all owner occupier properties, according to the ABS.

In Newtown on the weekend, one protester took out their frustrations over this state of affairs. They stuck made-up 'sold' stickers over property signs. The signs reflect a perception that buyers are greedy, stating, "Sold!!! F*** yeah! Mo $$$ *******!"

The stickers have appeared on various properties around Sydney's increasingly expensive inner west, and photos of them have been posted on Facebook. Requests by the affected agents for Facebook to remove the pictures has, so far, been refused.

NSW Labor senator Sam Dastyari has been voicing his own protest on social media, with a Facebook video lamenting how little $1 million buys in Sydney. "What does $1 million in Sydney actually buy you?" asks Dastyari. "Not much," he says.

Image: news.com.au.

The video, which is available on Dastyari's Facebook page (language warning), has been slammed as 'snobbish' for the way Dastyari describes the homes. "You know if it's got security shutter you're onto a good thing," he quips of a modest home in Ryde.  

Young Australians have also been forthcoming in voicing their opposition to commentators blaming the younger generations themselves for being unprepared for the sacrifices of home ownership.

When Malcolm Gunning, now president of the REINSW, called out "generation selfish" for being "uncompromising" when it comes to home ownership, not being prepared to forego "material possessions", or move to less popular areas, the reaction on The Real Estate Conversation was as swift as it was condemning. 

"Really?" asked one respondent who attributed declining rates of home ownership among young Australians to low wages and high prices. "Interesting opinion from someone born into the generation where unskilled labour earned enough money to purchase an average home," the commenter said.

Tensions rose again when Australia's most famous demographer wrote that millennials should stop eating expensive 'smashed avo on toast' if they want to save enough to buy a home. Social media lit up with outrage, claiming it's older generations driving house prices higher, buying up investment properties in swathes, and staying put in their large family homes - locking younger generations out.

Millenials now embrace the concept of smashed avo on toast, posting photos of their tasty brunches on social media - if there's no point in saving to buy a property, they may as well spend their money on good food.

Barnaby Joyce also met with fierce opposition when he called on young Australians locked out of the big metropolitan markets to move to regional towns. 

Young Australians might be locked out of the property market, but they're not taking it lying down.

Read more about declining rates of home ownership for young Australians:

Generation selfish cuts itself out of home ownership

Smashed avocado on toast is the reason I can’t afford a home, according to Bernard Salt

'Generation selfish' label sparks vigorous debate