Tracey Chandler - Buyers Agent

Your Exclusive Buyers Agent -

Specialising in Sydney's Eastern Suburbs 

and Lower North Shore

0416 100 839

tracey@tcba.com.au

  • Home
  • Why use Tracey?
  • Buyers
    • Buying a home
    • Buying an Investment Property
    • Overseas Buyers
  • Services
    • Full Property Search
    • Evaluate and Negotiate only
    • Auction Bidder
    • FEES
  • Testimonials
    • Video – Past Clients
    • Video – Real Estate Agents
    • Written Testimonials
  • News
  • About
    • About Tracey Chandler
    • How It Works
    • The Process
    • FAQ
  • Contact
  •   0416 100 839

December 28, 2015

Sydney Property Market Is Way Ahead Of Peers

December 28, 2015
share
share
tweet

Sydney property marketCameron Kusher writes a piece for Property Update where he sheds light on how the Sydney property market has separated itself from any other real estate territory of the country. Across the capital cities, the median selling price for both units and detached houses have been nothing compared to Sydney.

Sydney property market way ahead of the rest

Sydney, and to some extent Melbourne, have reaped rich dividends this property cycle and it is clearly manifest in the handsome capital growth posted by the Harbour City. It is an interesting statistic that the combined “capital cities” median price is nowhere near Sydney’s median price for detached houses and units.

Median prices can offer skewed data

Kusher is quick to point out that “compositional bias” at times can skew the median data because some of the houses may be selling at disproportionately low or high prices, but overall it is a significant indicator of the market and at this time, it is definitely showing Sydney in the lead, and big one at that.

Sydney’s troughs higher than peaks of a few others

Since June 2012, the start of the present growth phase, Sydney has outpaced all other capital cities, and this is when it was already the most expensive city in Australia in June 2012.  Interestingly, even when the median house prices recorded their trough in Sydney, they registered $620,000 for detached houses and $465,000 for unit apartments. This is a few lengths ahead of peak prices for some of the capital cities.

And so we know, the November recordings have shown a mammoth leap from these trough figures. Houses have registered a good 51.7% rise, while unites recorded a 38.3% increase.

You can read the original article here.

Some say Sydney is on its second wind, while others feel that it is rallying strongly only because the market has corrected itself before bursting at the edges. I think that no property market is bigger than the concept of the property cycle itself and Sydney may not be on an infinite merry ride.

This said, it has certainly done commendably well this cycle, and statistics do not lie. Sydney should keep being the highest capital growth earner for some time to come. However, its growth rate should mellow down to a sober 5-7% this year.

Related posts:

  1. Sydney’s New Adventure with Median House Prices
  2. Sydney Property Market Growing Relentlessly
  3. Gap in Median Price of Houses and Units
  4. Property Market May Finally Cramp in 2016

Get Your Dream Property Sooner

This field is for validation purposes and should be left unchanged.

Most Popular Articles

  • auction tips Pre-Auction Tips: 9 Things To Do BEFORE Auction Day under Features
  • 5 Key People To Ask for Real Estate Investment Advice under News
  • hiring a buyers agent 10 Important Questions to Ask a Buyers Agent Before You Hire Them under Features
  • property auction 7 Dos and Don’ts Everyone Should Know About Property Auctions under Features
  • how to prepare for a property auction How To Prepare For A Property Auction 101 under News
  • two bedroom apartment in Sydney Here’s Why it’s Better to Buy a Two-Bedroom Apartment in Sydney under News

Recent Articles

  • 7 Tips for Buying a Home in Sydney’s Eastern Suburbs

    7 Tips for Buying a Home in Sydney’s Eastern Suburbs

  • How To Avoid Emotional Attachment To Property

    How To Avoid Emotional Attachment To Property

  • Why Are So Many Sydney Homes Sold Off-Market?

    Why Are So Many Sydney Homes Sold Off-Market?

  • Should you engage a buyer’s agent for an auction?

    Should you engage a buyer’s agent for an auction?

Topics

buying property during COVID-19 financial freedom first home buyers forecasts home inspection home owners home prices home renovation home valuation how to buy a home interest rates lifestyle mortgages overseas investors property auctions property investing property investment property negotiation property valuation real estate real estate agents real estate industry sydney eastern suburbs sydney property market taxation

Feedback from Clients

Areas Served: Eastern Suburbs | Lower North Shore | Inner West

Copyright © 2025 by Tracey Chandler - Buyer's Agent in Sydney. All Rights Reserved.

339 Oxford Street, Paddington NSW 2021, Ph: 0416 100 839

recommended buyers agent award

WINNER

"NSW Highly Recommended Buyers Agent Award"

sydney real estate logos

Privacy Policy | Terms & Conditions | Disclaimer

Connect with us on:

google reviews
4.9 ★★★★★
Based on 61 reviews
google reviews
4.9 ★★★★★
Based on 61 reviews