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
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