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1.Market Observations, 8.Was Sticky

24 Jan 2017 (AFR) – Affordability blow: Sydney house prices top $1.1m, rents rise, Domain says

(24 January 2017, AFR, p7, by Michael Bleby)

‘Sydney’s median house price jumped to a record $1.1 million in the December quarter, boosting the affordability challenge for the new NSW Premier, Gladys Berejiklian, who singled out the issue on Monday. The fastest quarterly increase in a year and a half pushed the national median house price up 3.4 per cent over the three-month period to $780,887, and unit prices up 2.4 per cent to a record $551,110, the latest Domain Group figures show.’

Read more (and see what $1 million will get you) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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