2 Industry Focus
$557,556
The median house price in
Australia in 2013.
9.8%
Percentage by which
home values in
Australian capital
cities grew in 2013.
This was the fastest
annual rate of growth
since August 2010.
3%
Average rent increase in
Australian capital cities
over the past 12 months.
$6 billion
The total investment that will transform
the north-western fringe of Sydney's CBD
into the Barangaroo precinct.
38
Average days that houses
are currently on the market
before sale; 35 days for
units. Compared with data
starting in 2005, both
figures are historical lows.
46 million
Australia's population
is projected to double
to this figure by 2075,
creating strong demand
for all types of housing.
$763,169
The median house price
in Sydney in 2013.
70
Number of changes to the
current NSW strata and
community scheme laws
proposed by the NSW
Department of Fair Trading.
4%
Predicted growth in
Australian property
prices in 2014.
1.2%
Percentage by which home values in
Australian capital cities increased in
January 2014, contributing to a 2.7%
increase in the three months to the
end of January.
Property facts
Sources: Australian Bureau of Statistics, Australian Property Monitors, barangaroo.com, Colliers International, MacroBusiness, NSW Fair Trading, RP Data
