Sydney's Housing Market Reaches Record $2 Million

1

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

SQM Research has highlighted that their methodology tracks vendor asking prices, providing an advance insight into housing market trends. Historically, these figures have been indicative of the future trajectory of house prices. As per Domain, the median sold price for houses reached a record $1,645,400 in the last quarter of 2024.

The forecast for Sydney's housing market suggests further price hikes are likely. A combination of anticipated rate cuts by the Reserve Bank of Australia (RBA) and significant policy initiatives promises continued growth in housing values. Financial markets project five rate cuts this year, which could lower the official cash rate to 2.85% by the year’s end. Additionally, the Albanese government has proposed a universal 5% housing deposit guarantee for first-time homebuyers, effective from January 2026.

Under Labor's proposed policy, the government will guarantee up to 15% of the loan value, allowing buyers to avoid the average $23,000 lenders’ mortgage insurance cost. As Sydney's population could reach over 8 million by the 2060s due to sustained overseas migration, the demand for housing in the city is expected to intensify.

The increasing population is likely to result in a trend towards higher density living, with apartments gradually replacing single detached houses. This transition will further amplify housing values in the city.

The surge in Sydney's housing prices reflects broader economic policies and market dynamics. The anticipated decrease in mortgage rates and the easing of housing access through policy reforms could continue to fuel the housing market's growth. This scenario is likely to strain affordability, impacting prospective homebuyers who may find the market increasingly inaccessible.

Looking ahead, the housing market is expected to keep climbing, especially as supportive economic conditions persist. The impact of government policy on housing affordability, particularly for first-time buyers, will be central to future discussions as these initiatives take effect. Moreover, as Sydney becomes denser, strategic urban planning will be critical to maintaining the city's liveability amidst rising population pressures.

Published:Thursday, 17th Apr 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Clear

Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park

12 Feb 2026: Paige Estritori

The Boating Industry Association Ltd (BIA) has officially announced that the 2026 Sydney Boat Show will take place at the Sydney Showgrounds at Sydney Olympic Park from Thursday, 30 July to Sunday, 2 August 2026. This four-day event is set to expand following the success of its debut in 2025 and strong interest from the industry. - read more

Australian Superyacht Conference 2026: New Format and Sydney Location

12 Feb 2026: Paige Estritori

Superyacht Australia has announced the return of the Australian Superyacht Conference in 2026, introducing a refreshed format and a new location in Sydney. Traditionally held on the Gold Coast in May ahead of the Sanctuary Cove International Boat Show, the conference will now take place immediately following the inaugural Sydney Charter Show, creating an exciting week of activity for Australia’s growing superyacht sector. - read more

d’Albora Marinas Strengthens Southeast Queensland Presence with New Acquisition

12 Feb 2026: Paige Estritori

d’Albora Marinas, Australia’s largest premium marina and hospitality network, has expanded its national footprint with the acquisition of Tin Can Bay Marina, strengthening its presence in Southeast Queensland and reinforcing its commitment to investing in standout coastal destinations. - read more

BIA's 'Go Boating SA' Initiative Aims to Boost Safe Boating Practices

04 Feb 2026: Paige Estritori

The Boating Industry Association (BIA) has recently unveiled the 'Go Boating SA' campaign, a strategic initiative designed to promote safe and enjoyable boating experiences across South Australia. This campaign underscores the BIA's commitment to enhancing the state's marine industry and fostering community engagement. - read more

Sydney Boat Show 2026: Bigger and Better at Sydney Olympic Park

04 Feb 2026: Paige Estritori

The Sydney Boat Show is set to make a grand return in 2026, with plans to expand its exhibition at Sydney Olympic Park from July 30 to August 2. This development marks a significant evolution for the event, aiming to provide an enhanced experience for boating enthusiasts and industry professionals alike. - read more

BIA and AFTA Unite to Bolster Australia's Boating and Fishing Industries

04 Feb 2026: Paige Estritori

In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalised an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more

Click for more Finance News