Sydney’s median unit price is on track to hit $1 million within a few years, experts say.
Domain data shows the median is currently $812,863, and would have to rise by another 23 per cent, or $187,137, to surpass the $1 million mark.
The Sydney unit market has seen annual price growth of at least 20 per cent in the past. While it is unlikely to see a figure like that in the next 12 months, the city is well on the path to the mileston, says Domain chief of research and economics Dr Nicola Powell.