Sydney’s median price for free standing houses reached the $1 million mark as it currently sits at $1,005,800, according to SQM research.

This has resulted to more properties being out of buyers reach, according to SQM research Managing Director Louis Christopher. It will be extremely difficult to secure a property under $1 million in the inner city ring, as values have risen by 22% since 2011. Meanwhile, median prices for all other capital cities for houses are at $755,100.

Read more about this on the Australian Property Investor website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.