In 2023 , Sydney luxury home prices sat at $ 3.9 million , 93.3 per cent greater than it was in 2014 . During the same period , median prices grew by only 71.6 per cent to create the largest price growth gap among major cities . With median price at $ 1.4 million , Sydney also has the largest luxury to median house price ratio among major cities .
S Y D N E Y
HOUSE PRICES PER YEAR - MEDIAN VS LUXURY
LUXURY
$ 3.5M
$ 3M
$ 2.5M
$ 2M
$ 1.5M MEDIAN
$ 1M
$ 500k
0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Source : Neoval
Trends in the house market are only magnified in the unit market . Here , Sydney showed an even larger difference not only in price growth , but also in absolute prices . In 2023 , luxury unit prices were recorded at $ 2.1 million (+ 72.2 per cent vs 2014 ) while median unit prices were recorded at only $ 794,000 (+ 25.4 per cent vs 2014 ).
UNIT PRICES PER YEAR - MEDIAN VS LUXURY
$ 2M
LUXURY
$ 1.8M
$ 1.6M
$ 1.4M
$ 1.2M
$ 1M
$ 800K
MEDIAN
$ 600K
$ 400K
$ 200K 0 2014
2015 2016 2017 2018 2019 2020 2021 2022 2023
Source : Neoval
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