Is Sydney's Property Market Unaffordable? 📊🏙️

14 May 2025 · 2 min

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1:37

In this concise market update, Conrad Vass of Space Property Agency opens with a light‑hearted auction joke before presenting CoreLogic data that shows Sydney’s median house values have risen by about $230,000 (39.1%) over the past five years and are now only 1.5% below their all‑time peak, indicating a resilient market. He then highlights a severe affordability issue: the median dwelling now costs roughly 9.8 times the median Sydney income, making the city the most unaffordable in Australia. Vass frames these trends as critical knowledge for property owners and investors operating in Sydney’s inner city and city‑fringe zones, positioning himself as a local expert ready to help navigate the market.

Chapters

Why did the property investor bring a ladder to the auction? Because he heard the market was going through the roof. Over the past 5 years, median house values have surged by approximately $230,000, representing a 39.1% increase according to CoreLogic's latest data. In Sydney, home values remain just 1.5% below their record high, indicating a resilient market. However, affordability has become a significant concern, with the median dwelling now costing 9.8 times the median income in Sydney. making it the most unaffordable city in Sydney. For property owners and investors in and around the core areas such as the city fringe and the inner city, understanding these trends is crucial for making informed decisions. I'm Conrad Vass from Space Property Agency, your go-to expert for all things in property in Sydney's inner city and city fringe. Let's navigate these markets together.