Sydney house price median surpasses $800,000 in June 2014 quarter: APM
Sydney's median house price has edged through the $800,000 barrier to an $811,837 record price, according to the Australian Property Monitors Quarterly House Price Report.
It was at $787,000 in the March quarter.
Sydney house prices were up almost $118,000 annually.
Sydney's overall 3.1% June quarter increase took the 2013-14 financial year house price growth to 17%.
With a $1.53 million median, Sydney's city and east region actually slipped back in the past six months, with a 0.1% dip in prices.
But after troubling times following the global financial crisis, the lower north shore showed signs of bouncing back with its house price median up 4.4% so far this year to a $1.67 million median, according to APM data published within its Fairfax Media publications.
The south-west Sydney housing market was especially strong over the past six months, unlike the eastern suburbs.
Source: Australian Property Monitors
