Sydney’s unit market has experienced significant shifts over the past year, with declining prices and fluctuating supply and demand. Here’s a comprehensive overview of the current state of the market, key trends, and what buyers, sellers, and investors need to know.

Median Unit Price and Growth Trends

The median unit price in Sydney currently stands at $1,000,000 (as of February 2024 to January 2025), reflecting a 9.1% decline over the past 12 months.

Over the past five years, Sydney’s median unit price has seen notable fluctuations:

• February 2020: $960,000
• February 2021: $1.08 million
• February 2022: $1.2 million
• February 2023: $1.32 million
• February 2024: $1 million

While unit prices peaked in early 2023, they have since corrected, bringing new opportunities for buyers looking for value in the market.

Sydney Unit Market Insights

Key data on Sydney’s unit market supply, demand, and performance:

• Units available (last month): 258
• Units sold (past 12 months): 376
• Median time on market: 69 days
• Active buyers: 3,438
• Rental yield: 4.8%

The market remains active, with strong rental yields providing stability for investors despite price declines.

Sydney Unit Prices by Property Type

For buyers and renters, the following figures provide an estimate of current unit prices in Sydney:

• 1-Bedroom Unit: $740,000
• 2-Bedroom Unit: $1,300,000
• 3-Bedroom Unit: $2,750,000

Rental properties in Sydney remain in high demand, with 582 rental listings available last month.

Sydney Property Market Overview

Over the past year, Sydney’s median unit sale price settled at $1,000,000, while rental units achieved an average rent of $950 per week, equating to an annual rental yield of 4.8%. Despite price corrections, investor interest remains due to strong rental returns.

As Sydney’s unit market continues to evolve, both buyers and sellers must stay informed of price trends, supply dynamics, and investment opportunities. Whether looking to purchase, sell, or invest, understanding these key metrics will be crucial in navigating the market effectively.