"Focussing on the actual selling prices of houses and units you can see substantial variance in housing costs across the cities. Sydney housing stands out as being significantly more expensive than other capital cities with median prices of $858,000 for houses and $615,000. The median selling price of a house in Sydney is by far and away the most expensive of all capital cities. To put Sydney?s price premium into some context, the Sydney median unit price is greater than the median selling price of houses across all other capital cities except Melbourne ($660,000). "
http://www.corelogic.com.au/news/pricing-gaps-across-product-types-and-capital-cities-are-widening
http://www.corelogic.com.au/news/pricing-gaps-across-product-types-and-capital-cities-are-widening