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:
Here are the median property and rental prices for Sydney in 2017:
HOUSE AND UNIT PURCHASE PRICE
|HOUSE/UNITS||MEDIAN PURCHASE PRICE|
HOUSE AND UNIT WEEKLY RENT
|HOUSE/UNITS||MEDIAN WEEKLY RENT|