{"id":123290,"date":"2025-09-06T14:01:09","date_gmt":"2025-09-06T14:01:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/123290\/"},"modified":"2025-09-06T14:01:09","modified_gmt":"2025-09-06T14:01:09","slug":"grim-report-reveals-the-average-home-in-sydney-will-cost-3-5million-in-2045","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/123290\/","title":{"rendered":"Grim report reveals the average home in Sydney will cost $3.5million in 2045"},"content":{"rendered":"

By MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA<\/a> <\/p>\n

Published: 03:27 EDT, 6 September 2025 | Updated: 03:30 EDT, 6 September 2025 <\/p>\n

It’s already one of the most expensive cities in the world, but in just 20 years Sydney<\/a>‘s average house price will have soared to an eye-watering $3.5million.\u00a0<\/p>\n

The Harbour City is the most expensive capital in the country by a long way. It’s around 50 per cent costlier than the next most expensive capital, Brisbane, with a median house price of $1.02million, according to Propertyology<\/a> research.<\/p>\n

Based on an analysis of historical trends and the typical rate at which prices grow, a Propertyology study has revealed Sydney’s prices could more than double by 2045.<\/a><\/p>\n

Head of research Simon Pressley said the study probed why Sydney was so much more expensive than other Australian capital cities and what the future looked like.<\/p>\n

The report showed that because the First Fleet arrived in Botany Bay in 1788, Sydney began developing as a city much earlier than other Australian cities.<\/p>\n

As a result, Sydney enjoyed a 40 to 60-year head-start in urban growth and development compared to the rest of the country.\u00a0<\/p>\n

By the time other cities like Brisbane (1825), Perth (1829), Melbourne (1835) and Adelaide (1836) were established, Sydney had already developed infrastructure, key amenities, a commercial centre, and had two full generations of house price growth<\/a>.<\/p>\n

Mr Pressley said major world events had also impacted prices, including gold rushes, the 1890s bank collapse, and world wars.\u00a0<\/p>\n

\"The <\/p>\n

The average Sydney property will be worth $3.5million by 2045 (pictured, homes in Maroubra)<\/p>\n

Despite this, he said population sizes and population growth rates had very little to do with property price growth.<\/p>\n

At the end of World War II, large percentages of Australia’s financial capital were directed towards Sydney in a concerted effort to develop the city into a global economic centre – which had a flow-on effect on house prices.<\/p>\n

‘It’s about revenue within a town’s economy that has the biggest influence on property prices,’ Mr Pressley said.<\/p>\n

The report showed that in 1924, Australians were complaining about housing affordability when the price of a typical house was around $2,000.<\/p>\n

The report also showed that most people wanted to buy a home rather than an apartment despite the large number of people who rent apartments.<\/p>\n

Propertyology was contacted for further comment by Daily Mail.\u00a0<\/p>\n

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