Sydney’s median house price has reached the staggering amount of more than $1million dollars, making it Australia’s most expensive city by far to buy a home.
But for the same amount that will buy you very much the average house in Sydney, home owners could snap much more luxurious and convenient properties in other cities.
Figures in the latest Domain State of the Market Report show Sydney’s median house price dipped between June and September but was still a massive $1.2million.
The median price is just enough to land a standard property in Bankstown in Sydney’s west (pictured)
The house in Sydney’s western suburbs is advertised as being ‘suitable for builders who want immediate construction’
While that might be enough – just – to buy you a three-bedroom terrace house with one bathroom in Sydney’s close-in suburbs, it will get you a luxury penthouse in Adelaide or a waterfront retreat on the Gold Coast.
The median price is just enough to land a standard property in Bankstown in Sydney’s west.
The house is advertised as being ‘suitable for builders who want immediate construction’.
Melbourne remains the second-most expensive city with the median house price rising since June to $880,902, followed by Canberra at $723,980, Darwin at $593,329, Perth at $554,095, Brisbane at $551,840, Adelaide at $519,517 and Hobart at $409,592.
The amount Sydneysiders are expected to fork out for an average house in the city will score property hunters some incredible gems in other places across Australia like this apartment in central Adelaide
With a private roof-top garden and an infinity-edge pool with views across the city, this Adelaide apartment costs about the same as a run-of-the-mill property in Sydney
Hobart had the biggest year-on jump, with the median house price in Tasmania’s capital climbing 14.8 per cent.
Sydney has had an 8.2 per cent increase since September 2016 while Melbourne soared 13.9 per cent.
The amount Sydneysiders are expected to fork out for an average house in the city will score property hunters some incredible gems in other places across Australia.
The median price for a Sydney home would nab this five-bedroom mansion with glorious views overlooking Sandy Bay in Hobart
Glass sliding days open out to the deck, giving the owner spectacular views of the water and a spot to catch the action of the Sydney to Hobart yacht race each year
For the same $1.2million buyers could purchase a luxury three-bedroom penthouse in the heart of Adelaide.
With a private roof-top garden and an infinity-edge pool with views across the city, the apartment costs about the same as a run-of-the-mill property in Sydney.
In the holiday hotspot of the Gold Coast, $1.2million is all that is required for a private waterfront retreat.
In the holiday hotspot of the Gold Coast, $1.2million is all that is required for this private waterfront retreat in Robina
A timber boardwalk on the lakefront provides a secluded hideaway (pictured is what Sydney’s median house price buys on the Gold Coast)
The four-bedroom home on the Gold Coast has a large undercover deck area leading out to a backyard with a massive swimming pool
The four-bedroom home has a large undercover deck area leading out to a backyard with a massive swimming pool.
A timber boardwalk on the lakefront provides a secluded hideaway.
About $1.2 million is enough for a sprawling four-bedroom home in Parkville, Melbourne, complete with backdoor pool and outdoor patio.
About $1.2 million is enough for a sprawling four-bedroom home in Parkville, Melbourne, complete with backdoor pool and outdoor patio
Heading west, $1.2million will get you an architecturally-designed two-storey modern property in north Perth.
With a solar-heated plunge pool, water feature, outdoor kitchen and an open plan ground floor flowing to a balcony with an outdoor kitchen, the house makes for an attractive alternative to Sydney’s average.
Further south in Hobart, $1.2million goes a long way when it comes to property prices.
The median price for a Sydney home would nab a five-bedroom mansion with glorious views overlooking Sandy Bay.
Heading west, $1.2million will get you an architecturally-designed two-storey modern property in northern Perth
With a solar-heated plunge pool, water feature, outdoor kitchen and an open plan ground floor flowing to a balcony with an outdoor kitchen, the house in Perth makes for an attractive alternative to Sydney’s average
The property has a stylish kitchen with a built-in espresso machine, and contains a private master suite.
Glass sliding days open out to the deck, giving the owner spectacular views of the water and a spot to catch the action of the Sydney to Hobart yacht race each year.
In Brisbane, $1.2million is enough for a stunning, modern two-storey home in Paddington.
With a spacious backyard, swimming pool, deck and plenty of open space inside, the property sure beats a cramped terrace.
This property in Paddington, Brisbane costs $1.2million for a stunning, modern two-storey home
With a spacious backyard, swimming pool, deck and plenty of open space inside, the property in Brisbane sure beats a cramped terrace
A spacious open plan four-bedroom property is going for $1.2million in Canberra.
With a private garden and tranquil courtyard, the property provides leafy outlooks from most of the generously-spaced bedrooms.
A spacious open plan four-bedroom property is going for $1.2million in Canberra
With a private garden and tranquil courtyard, this Canberra property provides leafy outlooks from most of the generously-spaced bedrooms
In the Northern Territory, parting with the same amount of cash as an average Sydney property will net a buyer 24 acres of land.
The property at Bees Creek in Darwin has a swimming pool, an electronic gate, three bedrooms and a horse stable.
In the Northern Territory (pictured), parting with the same amount of cash as an average Sydney property will net a buyer 24 acres of land
The property at Bees Creek in Darwin has a swimming pool, an electronic gate, three bedrooms and a horse stable