The perfect Sydney home is going for a whopping $2.7 million.
The average Sydney home sold for $1.6 million in 2016, according to the latest figures from property broker CBRE.
While the average Sydney house sold for just $1,937,000 in 2016 the average value of a Sydney home was just $4,200.
Property analyst Chris Clements said that’s a significant increase from just a year ago.
“It’s a lot of money, a lot more than the $1 million it was in 2016,” Mr Clements told news.com,au.
“You can get a lot for your money.
It’s a great property.”
Mr Clements also said that if you’re looking for a Sydney property for sale, you should consider your current rent and the cost of the property.
“If you’re going to sell it, you want to get the rent that’s affordable to you,” he said.
“So don’t just go looking for an offer at auction.”
To find out more about Sydney home sales, click here.
Topics:sydney-2000,property,home-buying,sales,housing-industry,recession,sale,housing,nsw,australiaFirst posted November 19, 2018 07:59:22Contact Ben BrinkleyMore stories from New South Wales