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Just to create more hype, 581 of Darling Square apartments were all sold out within 5 hours: http://news.domain.com.au/domain/real-estate-news/darling-square-apartment-launch-sells-out-20150523-gh822c.html

With that price at Wentworthville, it is definitely not more affordable than Hills ..... Maybe they want to buy adjacent properties and build units. Oh well someone is willing to pay that much. Good luck to them.

And people are complaining Hills being too expensive ....

Even at Hills there has been some major lift in house prices over last 2 months. Some are selling at "stupid" prices ....

West is still growing, just not as fast as the LNS/UNS Beaches area according to statistics.

Interesting thing is that the west/south-west is slowing down. I guess they ramped up early and now it is time for the blue chip suburbs to catch up.

Actually City of Sydney is throwing a lot of money on it to make Green Square quite liveable: http://www.cityofsydney.nsw.gov.au/vision/major-developments/green-square

I actually like OVO's design with full floor to ceiling windows. I won't mind living there myself but I just don't have $1M spare change.

Surely everyone should know by now that the bidders should just add 100K at least against the guide price?

Well it is R3 Zoning .....

Surprising no one mentioned about The Feed video in the article. You all should watch it. It is also in Youtube: https://www.youtube.com/watch?v=wNt2ZABbUQo

My IP is fine. It is already completed and was settled late last year, and already have tenants. Mirvac didn't charge me extra due to rapid house price rises. I am still surprised that OTP units can cost more than a new house within 1 year .....

Just to show how quick things moved in Sydney. We bought our new oTP 3 bedroom IP house in early 2014. Now developers are selling OTP 3 bedroom UNIT for MORE than what I paid for my house. I was quite shocked (but happy) really. Now most likely the OTP unit is overpriced, but they have...

How about this for a hype! It has been reported that this has been sold for $1.83m!!!! This is for a TOWNHOUSE, Ok? http://www.realestate.com.au/property-townhouse-nsw-hurstville-119148427 http://www.ozpropertydata.com/property-view/NSW/1388793141/6-11-McLeod-Street-Hurstville-NSW-2220/

I think duplex/semi is a great way to buy something that is not expensive as a house, and no strata fees, as long as it is newish and no need to knockdown. However everyone else thinks the same :D

I think by 2016-2017 there will be so many completed apartments in Sydney, there could be surplus of them.

No, it is not a lie .... It is statistics ..... It is how people interpret it. That's why I quoted "lies, lies and statistics". For me median means bugger all as the data can be skewed easily. I prefer to look at the actual sales history of the suburbs over last 6-12 months instead. But hey...

Where did you ended up buying?

But isn't it about lies, lies and statistics? All i can see is that apart of houses getting more expensive in general, there is another factor in play: tons of new OTP houses/units/townhouses selling at hideous prices dragging the median up? I have seen a lot of OTPs units selling for stupid...

Good one. I think UNS has catch up now with rest of Sydney prices. Last year i noticed that Wahroonga/Turramurra was "bargain" compare to Hills prices. After all Sydney is a mature market and people will notice it sooner or later. Holding cost overthere is high though so it is only good for PPOR...