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Don't Read This If You Want To Believe You'll One Day Buy A Sydney Home

We've warned you.

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Hooray, Sydney's median house price somehow went up10% in one year, to $1.1 million!

Sydney's median house price is now $1,123,991. MEDIAN.

According to property website Domain, Sydney's median house price ballooned in 2016, streaking ahead of other states.

If you're like, "lol Sydney", well that's right lol Sydney, because according to the data it's $300,000 more expensive than the next highest capital city, Melbourne.

Sydney's MEDIAN house price is now $1,123,991, Melbourne's is $795,447. This is insane. https://t.co/ag7trvGrTK

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A new study has also found that Sydney's housing market is so bloody unaffordable, it's world beating. According to Demographia (a US-based group that admittedly has been criticised in the past for oversimplifying housing data) Sydney is the second most unaffordable city in the world, behind Hong Kong.



Mark Di Stefano is a Media and Politics Reporter for BuzzFeed News and is based in London.

Contact Mark Di Stefano at mark.distefano@buzzfeed.com.

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