Australian House Prices 2003 to 2015: Sydney and NSW

Houses in Sydney rose in value by about 75% between 2003 and 2015
Average incomes during this same period rose by about 60%

Changes in Australian Median House Prices 2003 to 2015 for Sydney and NSW

Median Price of Established House Transfers in New South Wales

Sydney Rest of NSW
Dec-2003 $ 520,000 $ 255,000
Dec-2004 $ 515,000 $ 278,000
Dec-2005 $ 500,000 $ 285,000
Dec-2006 $ 500,000 $ 290,000
Dec-2007 $ 540,000 $ 310,000
Dec-2008 $ 468,000 $ 290,000
Dec-2009 $ 595,000 $ 340,000
Dec-2010 $ 620,000 $ 340,000
Dec-2011 $ 533,000 $ 330,000
Dec-2012 $ 640,000 $ 360,000
Dec-2013 $ 745,000 $ 370,000
Dec-2014 $ 838,000 $ 385,000
Dec-2015 $ 910,000 $ 405,000

Median Price of Attached Dwelling Transfers in New South Wales

 

Sydney Rest of NSW
Dec-2003 $ 387,000 $ 250,000
Dec-2004 $ 390,000 $ 265,000
Dec-2005 $ 383,000 $ 270,000
Dec-2006 $ 393,100 $ 277,000
Dec-2007 $ 410,000 $ 292,000
Dec-2008 $ 373,000 $ 280,000
Dec-2009 $ 450,000 $ 310,000
Dec-2010 $ 487,600 $ 305,000
Dec-2011 $ 460,000 $ 297,000
Dec-2012 $ 525,000 $ 308,500
Dec-2013 $ 565,000 $ 320,000
Dec-2014 $ 615,000 $ 320,000
Dec-2015 $ 685,000 $ 345,000

Source:

ABS 6416.0 - Residential Property Price Indexes: Eight Capital Cities, Dec 2015

Sydney property prices are based on the Greater Sydney area with a population of about 4,921,000 and covering an area of 12,367.7 km2 (4,775.2 sq miles).
Population Density of Sydney is about 1,030 people per sq mile.

NSW has a population of about 7,565,500 and a land area of 800,642 km² (309,130 sq miles).
Population Density of NSW is about 24 people per sq mile.

About 65% of the NSW population live in its Capital City, Sydney.

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