Sydney house price median surpasses $800,000 in June 2014 quarter: APM

Sydney house price median surpasses $800,000 in June 2014 quarter: APM
Sydney house price median surpasses $800,000 in June 2014 quarter: APM

Sydney's median house price has edged through the $800,000 barrier to an $811,837 record price, according to the Australian Property Monitors Quarterly House Price Report.

It was at $787,000 in the March quarter.

Sydney house prices were up almost $118,000 annually.

Sydney's overall 3.1% June quarter increase took the 2013-14 financial year house price growth to 17%.

With a $1.53 million median, Sydney's city and east region actually slipped back in the past six months, with a 0.1% dip in prices.

But after troubling times following the global financial crisis, the lower north shore showed signs of bouncing back with its house price median up  4.4% so far this year to a $1.67 million median, according to APM data published within its Fairfax Media publications. 

The south-west Sydney housing market was especially strong over the past six months, unlike the eastern suburbs.

Sydney house price median surpasses 0,000 in June 2014 quarter: APM

Source: Australian Property Monitors

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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