Despite price falls, there’s almost no affordable houses left in Sydney

Tuesday, 22 May 2018

The most recent Mapping the Market report from CoreLogic revealed that just 0.9% of Sydney suburbs had a median house value below $500,000 as at March 2018, well down on the 33.8% of suburbs that were priced below $500,000 five years earlier:

Now, CoreLogic has released new research showing that there are only five suburbs in Greater Sydney where the median house price is below $500,000, each of which is located 40 kilometres-plus from the CBD:

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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.