How much money do I need to buy a house in Sydney?
How Much Money Do I Need to Buy a House in Sydney? Buying a home in Sydney is a dream for many, but understanding the costs involved is crucial. Sydney’s real estate market is one of the most competitive in Australia, and the amount of money you’ll need depends on location, property type, and your financial situation. Average House Prices in Sydney As of 2025, the median house price in Sydney is around AUD $1.3 million , though prices vary significantly by suburb. Premium coastal suburbs like Bondi, Manly, or Mosman can exceed AUD $3 million , while outer suburbs like Campbelltown or Blacktown offer more affordable options starting around AUD $700,000 . If you’re looking for apartments, median prices are lower, averaging AUD $800,000 , but prime city locations can still reach over $1.5 million . Down Payment and Deposit Requirements Most lenders require a minimum 20% deposit to avoid paying Lenders Mortgage Insurance (LMI) . For a median-priced house of $1.3 million, this ...