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.
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% |
$760,000 | $719,250 | $640,000 | 5.7% | 18.8% |