Forget about Sydney becoming a million-dollar city – new data suggests its median house price has already passed $1.1 million.
According to SQM Research, the city’s median house price has surged to $1.13 million after growing 15.9 per cent in the 12 months to 7 July 2015.
The median unit price has also skyrocketed, growing 12.7 per cent to $618,000.
However, the most recent analysis by CoreLogic RP Data and Onthehouse Data disputes the idea of Sydney crossing into million-dollar territory.
http://www.rebonline.com.au/breaking-news/9246-sydney-boom-takes-housing-market-into-uncharted-territory