Darling Point

Now and then: How Sydney’s property market has changed since 2010

PHOTO: Darling Point was among the top suburbs for unit price growth over the past decade.

Cast your mind back to the dawn of the decade.

Kevin Rudd was prime minister, iPads had not been released, and Tik Tok was a Kesha song dominating the charts, not a rapidly growing social network site.

Sydney was home to about 4.58 million people and its median house price was less than $650,000.

What a difference 10 years can make.

Fast forward through the decade — 15 interest rate cuts, five prime ministers, a property market boom and a bust later — and Sydney’s median is, once again, back on the rise.

Greenacre, Sydney. low res
Sydney’s median house price is now at $1,079,491, an increase of 68 per cent on the 2009 median. Photo: First National Greenacre

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