If you think Auckland’s house prices are high, have a thought for our neighbour’s just 2,150 km or two hours in time behind us. Australia’s largest city Sydney has a median house price of A$1,000,616. This represents an equivalent median house price of NZ$1,108,000.
The low interest rates have helped – they are lower than ours. In addition Sydney has very strong internal and external migration.
Here’s a heat map from Core Logic of where the Sydney median house prices are by suburb:
