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

Monday 23 January 2017

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

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.