The latest statistics show the average cost of a house in NSW is about $3.3 million, a figure that has increased from $3,902 in 2016.
The average cost is also increasing by an average of 1.7 per cent every year.
That’s the highest in the state.
In 2017-18 the average was $3.,903.
But it’s not all bad news.
The latest figures also show there is an average annual cost of $4,085 in NSW, which is down from $5,619 last year.
And the cost of rent is also declining.
Rent in the NSW capital has increased by 5.3 per cent in the past year, from $1,800 in 2016 to $1.847 this year.
But the average rental price for a one-bedroom apartment in the capital is now $1 for the year, down from a peak of $3 a month in 2012.
A house in the inner-west, with a market value of about $1 million, is now worth about $2.2 million.
The most expensive house in Sydney, a two-bedroom in an inner-city suburb, is worth $7.7 million, up from $6.3million last year, while a house with two bedrooms and two bathrooms is now valued at $7 million.
That’s up from a low of $5.7million in 2016, and $5 million in 2017.
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