Sydney's property price growth continues to rise

Sydney's property price growth continues to rise
Sydney's property price growth continues to rise

Australia’s cosmopolitan hub continues to boom with price growth increasing yet again this quarter, according to Domain’s latest State of the Market report.

The median house price is now sitting just under $1.2 million, with the unit median almost breaking $760,000.

Sydney’s house price growth is showing signs of ease, with June’s results half of the rates recorded in 2016.

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Sydney's property price growth continues to rise

While this may be welcome news for buyers seeking a house, the increasing growth of unit prices indicates it’s a strong seller market.

There is a range of property prices across the vibrant city’s suburbs, but what you can buy in the city comes down to lifestyle and individual needs.

If strong price growth is something you’re looking for, Sydney remains the capital of choice.

Houses

Jun 2017

Mar 2017

Jun 2016

Quarter-on-quarter

Year-on-year

Albury

$299,225

$330,000

$312,250

-9.3%

-4.2%

Armidale Dumaresq

$352,500

$328,000

$361,250

7.5%

-2.4%

Ballina

$597,500

$545,000

$527,000

9.6%

13.4%

Bathurst

$417,000

$410,000

$385,000

1.7%

8.3%

Byron

$910,000

$850,000

$704,250

7.1%

29.2%

Clarence Valley

$360,000

$369,000

$330,000

-2.4%

9.1%

Coffs Harbour

$486,500

$453,500

$432,500

7.3%

12.5%

Dubbo

$337,750

$367,000

$345,000

-8%

-2.1%

Eurobodalla

$445,000

$438,000

$392,250

1.6%

13.4%

Great Lakes

$485,000

$514,000

$441,250

-5.6%

9.9%

Lismore

$372,000

$349,500

$350,000

6.4%

6.3%

Newcastle

$620,000

$565,000

$502,000

9.7%

23.5%

Orange

$370,000

$345,000

$331,000

7.2%

11.8%

Port Macquarie-Hastings

$499,000

$505,500

$465,000

-1.3%

7.3%

Richmond Valley

$265,500

$318,000

$253,500

-16.5%

4.7%

Shellharbour

$645,000

$605,000

$550,000

6.6%

17.3%

Shoalhaven

$537,000

$525,000

$456,000

2.3%

17.8%

Tamworth Regional

$332,000

$325,000

$325,000

2.2%

2.2%

Tweed

$580,000

$565,000

$507,500

2.7%

14.3%

Wagga Wagga

$342,000

$340,000

$337,250

0.6%

1.4%

Wingecarribee

$800,000

$780,000

$675,000

2.6%

18.5%

Wollongong

$760,000

$719,250

$640,000

5.7%

18.8%

Tags: 
Sydney Domain

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