Brett Warren , National Director – Metropole Group
Sydney’s property market has reached a new milestone, with the median house price now sitting at $1.62 million. That’s a rise of $120,000 in just a year, according to PropTrack’s October Home Price Index.
While that figure might seem steep, it’s also a sign of strong market momentum – and for homebuyers and investors in Sydney, it’s a moment worth exploring.
What $1.6 million buys you in Sydney today depends heavily on location. In the inner city, it might secure a compact two-bedroom terrace in Darlinghurst or a stylish apartment in Surry Hills.
Head further west, and the same budget could land you a modern four-bedroom duplex in suburbs like Condell Park or Revesby. The shift in value highlights how buyers are adjusting – broadening their search, compromising on size or age, and even considering renovation-ready homes to stay within reach.
Improved borrowing power, thanks to recent interest rate cuts, has boosted buyer confidence. Government incentives have added fuel to the fire, and competition is heating up as stock levels remain tight.
This isn’t a runaway boom – rather, it’s a steady, sustainable upswing driven by real fundamentals. For investors, that’s the kind of market that rewards smart decisions and long-term strategy. Sellers are also benefiting, with solid equity gains and strong spring results.
If you’re considering your next move in Sydney, now’s the time to act with clarity. Whether you’re upgrading, investing, or entering the market for the first time, let’s talk about how to position yourself for success in today’s evolving landscape.
