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), will the Sydney median house price hit one million dollars by the end of 2015, as measured by the Residex index?