WESTERN Sydney home prices have done in three months what most Aussies have failed to do in a year.
Statistics have revealed that, over the last three months, popular western suburbs saw price hikes that eclipsed the annual income of most Sydney residents.
RP Data figures show the average house prices in some suburbs spiked nearly 20 per cent, increasing more than $80,000. The average Sydney household earns roughly $75,000 a year before tax, according to the ABS.
The city?s top-performing market was Liverpool suburb Elizabeth Hills, where house prices grew 22.8 per cent.