Craig

The city's median house prices climbed to $1.722 and change.

That is rising 4.2% or $68,000 over the year to June.

And looking at the unit prices, once again, they have surged up 3.2% to a median of $834,000 and change, an annual rise of $25,000.

Experts are saying that escalating house prices are pushing more buyers towards units.

And the gap between the two is now at a record 106%, with houses costing more than double the price of units.

So let's go and catch up with Joel Bowman from Domain.

And good morning to you, Joel.

Welcome into the Real Estate Breakfast podcast.

First off, as I mentioned, recent rate reductions have boosted borrowing power and really has supercharged in Sydney the price growth.

Yeah, so if you have a look at South West Sydney, that does lead the house price growth 10%.

It is up to 1.21 mil, while Parramatta follows at 8.8%.

And surprising, the outer South West also saw the highest unit price growth at 6.7%.

So there seems to be pretty good appetite in those spots.

Hey, welcome back to the Real Estate Breakfast, breaking down for you the Australian property market.

And if this is your first week back at work, three more days after today, and we'll be back into the weekend to kind of catch our breath.

It is a Tuesday, Jan the 13th.

Hey, something that I'm enjoying at the moment on Netflix is this Aussie production called The Newsreader.

This is so well put together and it is set in 1987.

The wardrobe and production team, they have done a masterful job with the series.

I was working in radio at the time.