Median House Price Pass $1M in 3 Australian Capital Cities, Over $1.4M in Sydney

Median House Price Pass $1M in 3 Australian Capital Cities, Over $1.4M in Sydney
The Sydney Opera House and Central Business District is seen in Sydney, Australia on April 16, 2017. AAP Image/Sam Mooy
Rebecca Zhu
Updated:

The median house price for Sydney is racing towards $1.5 million, while two other Australian capital cities have also passed $1 million (US$740,000), according to figures released on Thursday.

The Domain House Price Report for the June 2021 quarter revealed that the Sydney median house price had reached over $1.4 million (US$1m) after rising an astonishing 8.2 percent over the quarter, or $1,200 per day.