Sydney property prices

Sydney property prices hit all-time high on back of housing boom

PHOTO: When excluding units, the new median high for detached homes is a belt-tightening $1,061,229. (AAP/Getty)

It is now more expensive to buy a home in Sydney than in any other time in history.
Fresh data from property research firm CoreLogic shows Sydney’s property values have eclipsed the stratospheric heights they reached in mid-2017.
The median value – meaning the middle price between the most expensive and the cheapest – for all dwellings in Sydney is now $895,933.
Sydney property prices have recovered from their mild COVID-19 trackback. (CoreLogic)
When excluding units, the new median high for detached homes is a belt-tightening $1,061,229.
Units are yet to hit record highs, with the median value for a flat in Sydney sitting at $738,254.
CoreLogic’s executive research director Tim Lawless said he was not surprised by the new record.

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