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11 Facts About House Prices That'll Make You Say "This Is Fine"


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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?

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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.

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3. In fact, in the 31 days of March, Melbourne house prices went up a staggering 2%!

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4. Nationally, house prices went up nearly 11% in the last 12 months.

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.

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.

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7. In Melbourne, it's nine times the median annual income.

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8. In Sydney, it's 12 times... oh there you go.

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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.

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10. Sorry did you say, "I'll be renting for fucking ever"? Data shows Sydney rent prices went up 4% in a year.

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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.

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Mark Di Stefano is a media and politics correspondent for BuzzFeed News and is based in London.

Contact Mark Di Stefano at

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