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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Sydney’s median house price hits new highs

By Staff Reporter
27 October 2014 | 1 minute read

Sydney house prices grew by $10,000 a month over the September quarter while the nation's other capital cities floundered, new figures show.

According to Domain Group's House Price Report, the city's median house price grew by a further 3.8 per cent over the quarter to an all-time high of $843,994.

House prices have now increased by 16.6 per cent over the past year - a $120,000 jump.

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Domain Group senior economist Andrew Wilson pointed the finger at investors who had been drawn into the market by the prospect of capital gains.

However, he said Sydney's solid price growth would not continue.

"The clock is now ticking for that market as further signs of moderation are emerging," he said.

With more supply coming on, Sydney apartment prices were more subdued over the quarter, growing by 1.6 per cent to $580,861.

Although Sydney's market continues to surge, the national median house price increased by just 1.2 per cent over the quarter, with most capital cities recording a decline in prices.

Melbourne experienced less than a third of Sydney's growth over the quarter, with house prices up by one per cent.

Darwin, a fairly volatile housing market, recorded a price increase of 2.9 per cent, bringing its yearly growth to -1.7 per cent.

Australia's worst performing city was Canberra, with house prices down by 1.7 per cent, followed by Perth ( down 1.5 per cent), Brisbane and Hobart (down 1.3 per cent) and Adelaide (down one per cent).

Sydney’s median house price hits new highs
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.