The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
The median price for a house in Sydney soared to $1,722,443 by the end of June, marking a 2.6% quarterly increase and a 4.2% rise year-on-year, according to Domain’s Q2 house price report.
This marks the city's fastest quarterly growth in two years and the third consecutive rise.
Alongside, unit prices hit a record $834,791, increasing by 1.5% over the same period.
A decade past, Sydney’s median house price was approximately $1 million, indicating a 70% increase, and two decades ago, it stood roughly at $550,000, showing a 220% rise. Currently, Sydney also leads the nation in median asking rents, with houses at $780 and units at $740 as of Q2 2025.
A recent analysis by Mark Litwin, Head of Investment Sales at Knight Frank NSW, underscores the inherent housing supply issues. He points out that population growth, primarily fuelled by overseas migration, significantly exceeds housing completions, creating a persistent shortage that supports house price inflation.
This diagnosis echoes projections from the National Housing Supply and Affordability Council (NSAC), which foresees New South Wales missing its housing target by 130,000 units over the next five years, largely due to net overseas migration.
In 2024, NSW's population surged by 108,000, with net overseas migration accounting for the vast majority-106,700. Over the preceding decade, 88% of the state’s population growth was attributed to overseas migration, compounded by migrant birth rates.
Experts argue the root of New South Wales's housing shortfall is excessive net overseas migration. Thus, it is recommended that the state government advocate for federal immigration policy adjustments to sustainable levels that can be readily integrated.
Critics claim that maintaining high migration levels will not alleviate the housing crisis, suggesting that other policy measures alone may be inadequate. Without addressing population growth, the housing market may continue to pressurise young Sydneysiders, prompting them to seek more affordable living elsewhere.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The Australian marine industry is set to benefit from a significant boost in financial literacy and support, thanks to a new partnership between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This collaboration introduces the Industry Financial Skills and Awareness Program, designed to enhance the financial acumen of marine businesses nationwide. - read more
Club Marine, Australia's leading boat insurance provider underwritten by Allianz, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners during storage and transit. - read more
Nautilus Marine Insurance has expanded its marine insurance product portfolio to include a dedicated Personal Watercraft (PWC) Insurance policy. This new offering is specifically designed for personal watercraft owners across Australia, providing market-leading coverage with the flexibility to tailor the insurance to individual needs. - read more
Club Marine, Australia's leading provider of recreational boat insurance, has expanded its offerings to include specific coverage for race boats while they are on land. This development comes through a new partnership with the Australian Offshore Powerboat Club (AOPC), aiming to address the unique insurance needs of race boat owners. - read more
The inaugural Great Barrier Reef Commercial Marine Conference was held in Cairns on 11 March 2026, bringing together 50 industry leaders, operators, and suppliers to discuss the future of Australia's commercial marine sector. A significant highlight of the event was the launch of the Australian Commercial Marine Economic Impact Study (EIS). - read more
When it comes to purchasing a jet ski, choosing the right brand is crucial for ensuring a safe and enjoyable experience. There are various jet ski brands available in Australia, each with their unique features and specifications. - read more
Imagine the splash of water on your face and the adrenaline rush as you glide over waves at exhilarating speeds. The thrill of owning a jetski offers a unique brand of excitement and freedom found only on the open waters. However, before you can make waves, it's essential to navigate the sea of financial considerations that come with purchasing such a prized possession. - read more
Jetskis are quickly becoming a popular pastime in Australia, offering an exhilarating way to enjoy the sun and surf. The freedom and excitement they provide make them a must-have for many water enthusiasts. With their growing popularity, more Australians are turning to jetskis as their next big purchase. - read more
Your credit score is an important number that significantly impacts your financial health. It's a numerical representation of your creditworthiness based on your credit history. Lenders use this score to evaluate the level of risk involved in lending you money. - read more
Jet skiing is an exhilarating water sport that many Australians enjoy, especially during the warmer months. With the vast and beautiful coastline that the country offers, it's no wonder that jet skis are becoming a popular addition to many households. - read more
Knowledgebase
Price-to-Earnings Ratio (P/E): A valuation ratio of a company's current share price compared to its per-share earnings.