Sydney house prices surge 734 percent, reaching a median of $1.79 million

Sydney house prices have surged 734 percent since mid-1996, reaching a median of $1.79 million. Domain's chief economist, Nicola Powell, noted the market has experienced more upswing than downturn over three decades. Current economic trends raise questions about whether this 30-year property super-cycle may finally be coming.

Summary by OZbrief Editorial · SMH · Source