«

»

Dec 23 2014

Sydney House Prices 2002 to 2014

The median values of Freestanding Houses in Sydney between 2002 and 2014

The Australian Bureau of Statistics show that the Sydney Median House price has risen from $365,000 in March 2002 to $702,000 in March 2014.

This is a rise of 92.33% in 12 years. This work outs at an average annual rise of 5.6%.

Some figures to show the actual bi-annual median prices and changes are:

March 2002: $365,000
March 2004: $523,000 up by 43.29% in TWO years
March 2006: $470,000 down by 10.13% in TWO years
March 2008: $495,000 up by 5.32% in TWO years
March 2010: $583,000 up by 17.78% in TWO years
March 2012: $607,500 up by 4.20% in TWO years
March 2014: $702,000 up by 15.56% in TWO years

However, if we look at the odd years, also on a two year basis, we get these figures:

Mar-03 $434,500
Mar-05 $486,000 up by 11.85% in TWO years
Mar-07 $480,000 down by 1.23% in TWO years
Mar-09 $448,000 down by 6.67% in TWO years
Mar-11 $575,000 up by 28.35% in TWO years
Mar-13 $615,000 up by 6.96% in TWO years

The quarterly changes are:

Sydney House Prices 2002-2014

This table shows the changes IF it had been an even rate of increase over the years:

Year Value $ increase % Increase
2002  $               365,000  $               20,440 5.60%
2003  $               385,440  $               21,585 5.60%
2004  $               407,025  $               22,793 5.60%
2005  $               429,818  $               24,070 5.60%
2006  $               453,888  $               25,418 5.60%
2007  $               479,306  $               26,841 5.60%
2008  $               506,147  $               28,344 5.60%
2009  $               534,491  $               29,931 5.60%
2010  $               564,422  $               31,608 5.60%
2011  $               596,030  $               33,378 5.60%
2012  $               629,408  $               35,247 5.60%
2013  $               664,655  $               37,221 5.60%
2014  $               701,875


1 - 105

Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA

Leave a Reply to this Posting, but no links please.