News·Posted on 3 Apr 201711 Facts About House Prices That'll Make You Say "This Is Fine"HAHAHAHA – $1.1 MILLION MEDIAN HOUSE PRICE – HAHAHAHAHAby Mark Di StefanoBuzzFeed News Political Editor, AustraliaLinkFacebookPinterestTwitterMail 1. What if we told you new stats from property data group Core Logic show house prices in Sydney have gone up 19% in the last year? Tap to play GIF Tap to play GIF 2. "At least there's always Melbourne," you might tell yourself. That won't work – Melbourne house prices have shot up 16% in the same period. Tap to play GIF Tap to play GIF 3. In fact, in the 31 days of March, Melbourne house prices went up a staggering 2%! Tap to play GIF Tap to play GIF 4. Nationally, house prices went up nearly 11% in the last 12 months. Tap to play GIF Tap to play GIF 5. Time to climb into bed and rub on that Vicks, we're here to tell you Sydney's median house price is now more than $1.1 million. Tap to play GIF Tap to play GIF 6. You look a bit sweaty? Well, the latest data shows that across all Aussie cities with more than one million people, the median house price is about 6.4 times the median annual income. Tap to play GIF Tap to play GIF 7. In Melbourne, it's nine times the median annual income. Tap to play GIF Tap to play GIF 8. In Sydney, it's 12 times... oh there you go. Tap to play GIF Tap to play GIF 9. Ok sorry sorry sorry. Stay calm. But this is all happening when wage growth is a lousy 1.9% per year, which barely covers the rise in the cost of living. Tap to play GIF Tap to play GIF 10. Sorry did you say, "I'll be renting for fucking ever"? Data shows Sydney rent prices went up 4% in a year. Tap to play GIF Tap to play GIF 11. The government's responses to this point? Get a good job, be lucky enough to have rich parents, move to the bush or consider spending your retirement savings for a deposit. Tap to play GIF Tap to play GIF