SYDNEY’S property market is off to a roaring start in 2017 with prices already rising.

• Despite doomsday predictions of a falling market in 2017, prices increased 1 per cent across January bringing year-on-year growth in Sydney to 16 per cent.

According to the new figures from CoreLogic Sydney’s median dwelling price is now sitting at $850,000 with prices expected to rise further as the year continues.

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Demand for property still outweighs supply, evidenced by this crowd at a recent auction in Surry Hills. Picture: Michael Bilbe-Taylor