Domain: Sydney median house price tops $1.1m, but “affordability improving”

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By Leith van Onselen

Domain (formerly APM) has released its house and unit price results for the December quarter of 2016, which are presented in the below tables:

ScreenHunter_17081 Jan. 24 07.12 ScreenHunter_17082 Jan. 24 07.12

As you can see, the median house price nationally surged by 3.40% in the December quarter of 2016, driven by a massive 4.70% quarterly rise in Sydney and a 3.60% rise in Melbourne. In fact, every capital except the mining strongholds of Perth (-0.50%) and Darwin (-0.50%) recorded price growth over the quarter.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.