Property Market in Sydney
Sydney remains Australia's most expensive property market, driven by limited land supply and strong demand across the harbour city's eastern and northern suburbs. The unit market plays a critical role in affordability, particularly for first home buyers priced out of the detached housing segment.
Median House Price
$1,600,000
Median Unit Price
$780,000
To purchase a median-priced house in Sydney at $1,600,000, you would need a deposit of at least $320,000 (20% to avoid lenders mortgage insurance) and borrowing capacity of $1,280,000. Your actual borrowing power depends on your income, existing debts, living expenses, and the lender's assessment criteria. Use the calculator above to estimate how much you could borrow.
Buying Property in Sydney
Sydney's east-west price divide is stark — a house in Bondi or Mosman can cost three to four times what a comparable property fetches in Penrith or Campbelltown, so narrowing your target corridor early saves months of wasted inspections. The auction process dominates in Sydney's inner and middle rings, and buyers who haven't attended at least a few auctions before bidding on their target property are at a serious disadvantage against experienced bidders. Deposit expectations also vary dramatically: a 10% exchange deposit is standard, but some vendors in premium suburbs push for 5% while off-the-plan developers may require staggered payments up to 20% well before settlement.