Sydney house prices surges 30% in a YEAR - $957 each DAY .... and house prices elsewhere in Australia are going through the roof too Real estate sales group Domain has released new data on house, unit prices Sydney's median house prices surged 30.4 per cent in a year to $1.499million A capital city house in Australia is now typically priced at $994,579 after big rise By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 00:08 BST, 28 October 2021 | Updated: 00:13 BST, 28 October 2021 Viewcomments Sydney house prices are surging by $957 a day while a typical home with a backyard in an Australian capital city now costs $1million. Real estate sales group Domain has revealed the true extent of the housing affordability crisis as record-low interest rates spur a Covid property boom. The ability of more people to be able to work from home has also seen house prices surge at triple the pace of apartments. In the year to September, Sydney's median house prices soared by a ridiculous 30.4 per cent to $1.499million. Sydney house prices are surging by $957 a day while a typical home with a backyard in an Australian capital city now costs $1million The $349,298 increase from $1.150million equated to a daily increase of $957. The affordability crisis wasn't confined to Sydney with capital city prices climbing by 21.9 per cent to $994,579. Sydney, Melbourne and Canberra now have mid-point house prices in the seven figures. Sydney wasn't even the market with the steepest price rises with Canberra's median house price increasing by 32.4 per cent to $1.074million. Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility