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I discovered this. And I ran the numbers. 7% over 8 years (Sept 2007 to Sept 2015)= $987,957 Just over 1% growth per month required to land there. My.

This would be more of an "issue" if we were looking at average, rather than median prices but even so, the volume of sales in the mountains, on the central coast etc aren't that high so they don't have a major impact on the data. I think the combined population of those two regions is around...

Saturday 14th February 2015 Number Listed Auctions: 453 Number Reported Auctions: 372 Sold: 320 Withdrawn: 12 % Cleared: 83 % Total Sales: $272,333,889 Median: $919,000

To work that out you'd need up to date sold prices. APM has reported median sales prices over $1mil the last couple of weekends in Sydney (up from mid $900s a few weeks prior) but that doesn't include the entire market, which I expect would drag the median down. A peek at some up-to-date...

In two decades, I'd be pretty damn confident Sydney median house prices will have eclipsed $2mil by a significant amount. But as you said, a lot can happen. I think this biggest object to realising the $2mil median will be the astonishing changes the exponential growth of technology may...

Alright. Some scenarios: If from July 2014 until the end of the year we see 10% growth, then 8.23% throughout 2015, we'll just make it. Or 7% to end of year, then 11.26%. Or 5% then 13.38% Food for though.