Sydney and Brisbane median unit prices

In this article, we will look at the median unit price trends in the Brisbane and Sydney markets.

Here is a graph of the median unit prices in Sydney and is based on approx 500 sales per year:

annual-med-unit

Now let’s compare Sydney to Brisbane:

annual-med-unit-bne

The sunshine state capital Brisbane is set to boom and has seen significant investment over the past 5 years in both the public and private sectors. The recent new infrastructure, multi-unit residential dwellings and planned entertainment precincts in the CBD all are factored in. Many claim that Brisbane will be the strongest market in Australia for the next five or six years.

 

 

Sydney comes in second globally

Sydney Median Property Prices

In a recent report, Sydney had placed second globally for the least affordable city and property prices.

The recent global report comprehensively ranked middle-income housing affordability using a “median multiple” score, which is calculated by dividing the average house price by the average household income.

Any city that has a score of 5.1 and over is considered “severely unaffordable”.

Sydney is second to HongKong globally and below is a quick breakdown of the ranked global top 10:

0124-least-affordable-cities

 

Here are the median property and rental prices for Sydney in 2017:

HOUSE AND UNIT PURCHASE PRICE

HOUSE/UNITS MEDIAN PURCHASE PRICE
Average $880,000
1 Bedroom $727,500
2 Bedroom $1,243,000
3 Bedroom $1,915,000

HOUSE AND UNIT WEEKLY RENT

HOUSE/UNITS MEDIAN WEEKLY RENT
Average $750
1 Bedroom $640
2 Bedroom $900
3 Bedroom $1,600

Fact you may not know about Australian Real Estate

Here are six facts you may not know about Sydney and Australia’s property market.

6-facts