Sydney property blows off to $1 million median

Wednesday 22 July 2015

The Domain Group (formerly APM) has released its house price report for the June quarter, which recorded mixed results across Australia’s capital cities, but an incredible 8.4% quarterly spike in house prices in Sydney and 22.9% (nearly $200,000) growth over the year, with the median Sydney house now topping the $1 million median mark for the first time (table via The AFR):

It was the quickest price gain since the late 1980s, according to Domain.

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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.