Sydney House-Sellers Demand Record A$1 Million Median Price
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Sydney’s median asking price for detached houses topped A$1 million ($864,300) this week for the first time as sellers raised expectations in a booming market.
The asking price rose A$10,600 over the past seven days, according to Sydney-based data company SQM Research Pty. That’s the highest since the firm began reporting the data in April 2009. Across Australian state and territory capitals, the median asking price for detached homes jumped A$6,400 over the week to A$755,100, the figures show.