Consumer News

Sydney house prices keep on rising

29 September 2017

By Tim McKibbin – REINSW CEO

Median house prices increased in every Sydney zone over the past year, ranging from 10.6% in Inner Sydney to 17.4% in Middle Sydney.

These statistics were released in the Real Estate Institute of Australia Real Estate Market Facts quarterly report for the June quarter 2017.

Over the past year, median prices for other dwellings also increased, ranging from 4.8% in Middle Sydney to 14.2% in Outer Sydney.

It also revealed that the median house price across Sydney as a whole over the June quarter increased 2.3% to $1,194,247, and increased 14.2% over the previous year.

I would expect that prices will continue to rise over the next 12 months, but at a more modest rate.