Core Logic RP Data recently published an article analysing Sydney’s property price premium. You can read the full article here and some key data from the article is below.
Median House Prices
- Combined Capital Cities $600,000
- Sydney $890,000
- Melbourne $641,500
- Brisbane $505,000
- Adelaide $440,000
- Perth $480,000
- Hobart $349,500
- Darwin $500,000
- Canberra $625,000
The median house price in Sydney is 39% ($248,500) higher than median house prices in Melbourne (the second highest capital city).
Median Unit Prices
- Combined Capital Cities $510,000
- Sydney $675,000
- Melbourne $485,100
- Brisbane $390,000
- Adelaide $351,500
- Perth $410,000
- Hobart 283,000
- Darwin $440,000
- Canberra $421,000
Sydney’s median unit price is 39% ($189,900) higher than Melbourne’s. Sydney median unit prices have consistently been higher than Melbourne median house prices since February 2012.
If you need a loan to purchase your next house or unit, please give me a call on (02) 9908 9888 for more information about available loans from a range of lenders.
Patricia Williams is a credited representative (CRN 400458) of BLSSA Pty Ltd (Australian Credit License No. 391237).