Sydney Ranked 2nd in the World’s Most Expensive Housing Markets

Last week, Demographia released its 2025 International Housing Affordability Survey, revealing that Sydney is now the second most expensive housing market in the world, just behind Hong Kong. The survey examined housing affordability across eight nations, comparing the median house price to the median household income — a figure known as the “median multiple.”

With a median multiple of 13.8, Sydney ranked just below Hong Kong (14.4), placing it ahead of cities like San Jose, Vancouver, Los Angeles, and even London and Toronto.

What does this mean for home buyers? It means that Sydney residents need to spend nearly 14 times their annual household income to afford a median-priced home — a staggering statistic by any standard.

Recent data also supports this trend. According to Domain, 64.4% of homes in Sydney are now valued at $1 million or more, and in Q1 of 2025, the median sold house price reached a record $1,691,731.

These figures reflect the growing challenge of housing affordability in Australia’s largest city and highlight the importance of strategic property buying.

At ASH Buyers Agency, we help you navigate this competitive market with data-backed insights, smart suburb selection, and expert negotiation — so you don’t just survive the Sydney market, you thrive in it.

If you’re planning to buy property in this competitive market, ASH Buyers Agency is here to help. As the best buyer’s agent in Sydney, we offer expert guidance, strategic insights, and personalised support to help you make smarter property decisions. Call us today at +61 434 111 200 to get started.