Sydney house price median surpasses $800,000 in June 2014 quarter: APM

Sydney house price median surpasses $800,000 in June 2014 quarter: APM
Sydney house price median surpasses $800,000 in June 2014 quarter: APM

Sydney's median house price has edged through the $800,000 barrier to an $811,837 record price, according to the Australian Property Monitors Quarterly House Price Report.

It was at $787,000 in the March quarter.

Sydney house prices were up almost $118,000 annually.

Sydney's overall 3.1% June quarter increase took the 2013-14 financial year house price growth to 17%.

With a $1.53 million median, Sydney's city and east region actually slipped back in the past six months, with a 0.1% dip in prices.

But after troubling times following the global financial crisis, the lower north shore showed signs of bouncing back with its house price median up  4.4% so far this year to a $1.67 million median, according to APM data published within its Fairfax Media publications. 

The south-west Sydney housing market was especially strong over the past six months, unlike the eastern suburbs.

Sydney house price median surpasses 0,000 in June 2014 quarter: APM

Source: Australian Property Monitors

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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