• Sydney real estate is so expensive the median is now $300,000 more than the second-highest priced capital in Australia, new data shows.

By the end of 2016, Sydney’s median house price climbed more than 10 per cent to a record $1,123,991, Domain Group’s rental and house price report released on Tuesday found.

READ MORE VIA DOMAIN.COM.AU

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Sydney house prices continue to surge. Photo: Brendon Thorne