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May 2015 results just in. Sydney median house price has now reached $961,000. http://blog.residex.com.au/2015/06/24/market-update Only another $39K to go, over the following 7 months, to reach $1 million this year.

Poll Results: Will the Sydney median house price reach $1 million by the end of 2015? Yes 48 38.40% No 77 61.60% Would anyone who voted 'no' be tempted to change their view yet? (the Sydney median house price has already increased by $105K in nine months since I started this thread)

Yes, that's houses only. Residex puts the median unit price at $629K. Residex don't publish a combined 'all dwellings' median, but RP Data says the median dwelling price is $733K.

Up to $945,500 in April... http://i187.photobucket.com/albums/x308/LPShadow/Residex-Sydney-April-2015.png~original http://blog.residex.com.au/2015/05/27/property-market-update-2/ Only another 5.8% growth over the following eight months will see a Sydney median of $1 million this year.

Sydney at $929K in March... http://blog.residex.com.au/2015/05/06/may-property-market-update-3/ That's an increase of $280K since 2012. The average Sydney house has been increasing in value by roughly $2000 a week for the past three years. Another 8% growth is needed to hit $1M this year...

It was on twitter - when the ratio of investors in Sydney reached 2003 levels you said that marked the peak because it had marked the peak in 2003. My prediction hasn't changed for half a decade, and 'by 2015' means the same as 'by the end of 2015'. 2015 lasts for an entire year. You're just mad...

It's almost certain to hit $1 million this year (as measured by the Residex index). Assuming interest rates are cut another two times, I expect the peak to be 2017. I think Sydney now has an emerging bubble. Based on the latest ABS data, Sydney's house price to income ratio exceeded its...

Wishful thinking. Hockey is talking about doing the opposite... increasing demand by letting FHBs use their super to buy property. The NSW government is talking about allowing stamp duty to be paid off over five years. That was also your guess last year and the year before. If you make the same...

Up to $912K in January... less than 10% growth needed now to hit $1 million... http://i187.photobucket.com/albums/x308/LPShadow/Sydney_Residex_Trend.png

204/800 is 25.5% ... looks like the author either expressed himself very badly, or misread/misunderstood the figures in the press release from Domain.

Sydney median house price exceeded $900K in December, according to the Residex index... http://blog.residex.com.au/2015/02/04/property-market-update/ Could it hit $1M this year? If interest rates keep falling it seems increasingly likely...

Yes, the NSW economy is on the turn. Up. Last month it took over from WA as the strongest state economy. Sydney house prices will keep growing for another year at least, and probably longer if we get the two expected interest rate cuts in February/March. So a 'sucker' in your opinion is...

Now up to $875.5K in October 2014 as per Residex index... http://blog.residex.com.au/2014/11/26/november-property-market-update/ Another 1% growth per month for the next 14 months would lift the Sydney median house price above $1 million in December 2015...

Link... 'As at this morning, Sydney median asking prices for houses have now hit the $million$ dollar mark' (from Louis Christopher of SQM Research)

Yep, do you remember all the bears who were here in 2008 telling us Sydney was about to crash 40% (Yieldmatters, FHB, MBL, nonrecourse, Evand, Token Funder, Piston Broke, warmed_cockles etc). Instead Sydney is UP by more than 50% since then, and all those bears have vanished without a trace...

83% auction clearance rate again in Sydney yesterday. Not slowing down. The Northern Beaches had a 97% clearance rate last week.

The momentum is there. Auction clearance rates are back above 80%. There's no sign of it slowing down. Only 1% growth per month is needed to get to $1M by late 2015. I don't know if we'll actually hit the $1M mark by the end of 2015, but we'll certainly approach very close to it. I can't see...

The Sydney median house price hit $840K in July as measured by the Residex index. That's an increase of $130K in just a year. Sydney house prices are now up nearly 30% since 2012 and up 53% since 2009. Only another 19% growth is needed to hit $1 million. With 18 months to go (from July)...