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Sydney house sellers' asking price tops A$1m

Record low interest rates fuelling surge in demand from investors

Published Tue, Nov 11, 2014 · 09:50 PM
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Sydney

SYDNEY'S median asking price for detached houses topped A$1 million (S$1.1 million) this week for the first time as sellers raised expectations in a booming market.

The asking price rose A$10,600 over the past seven days, according to Sydney-based data company SQM Research Pty. That's the highest since the firm began reporting the data in April 2009. Across Australian sta…

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