The median unit price rose 1.9 per cent to $806,137 in the same period.Sydney’s median house price has cracked a new milestone after surging to a record high of nearly $1,628,000 as well-heeled buyers push the market up.
Domain chief of research and economics Dr Nicola Powell said Sydney house and unit prices have risen for five consecutive quarters – momentum not seen since the lockdown years. Prospective buyer Danielle Johnson and her partner have spent the past 18 months trying to get into the market to no avail. “The smart thing to do is just to continue to save as much as we can and work on that budget and continue looking, but it’s been a long search.”
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