Sydney House Prices 2002 to 2014

Sydney House Prices 2002 to 2014
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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


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