Sydney cracks $1 million median

Sydney cracks $1 million median

Posted on Wednesday, November 12 2014 at 10:35 AM

Sydney became even less affordable this week with SQM Research analysis showing the city’s median asking price for free standing houses now exceeds $1 million.

analyst’s data, which includes terraces but excludes townhouses, reveals the
median price now sits at $1,005,800.

Christopher, managing director of SQM Research, says affordability continues to
grow beyond the reach of many potential buyers.

now it would be impossible to purchase a free standing house in Sydney’s inner
ring for under a million dollars, and will become increasingly difficult to
purchase a free standing house in Sydney’s middle ring for under a million

analysis shows asking prices in the Harbour City are up 7.2 per cent on the
same time last year, and have risen 22 per cent since 2011.

asking prices in Sydney are also up for the year recording a rise of 9.3 per

comparison, the median asking price for detached housing and units across all
capital cities sits at $755,100 and $481,500 respectively, based on SQM’s

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