Real prospect Sydney's median house price will exceed $700,000 during spring selling season: APM's Dr Andrew Wilson

Jonathan ChancellorJuly 28, 2013

Australian Property Monitors senior economist Dr Andrew Wilson predicts Sydney residential price growth was set to exceed 7% and could reach 10% over the course of the year.

Dr Wilson expects prices will steadily increase until the Christmas break.

He has told his Fairfax Media blog readers that there is a real prospect that before year's end, the median price for Sydney houses will exceed $700,000.

He suggests the median price for Sydney units will exceed $500,000.

APM had Sydney house prices up 2.7% over the June quarter and 6.1% over the year to a median of $694,064.

APM had Sydney unit prices up 2.4% over the June quarter and 4.9% over the year to a median of $491,845.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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