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As of early 2026, the median house price across Greater Sydney is approximately $1,420,000. In the inner ring this rises to $2M+ while Western Sydney medians sit around $900,000–$1,100,000. Units are significantly cheaper with a Sydney-wide median of roughly $800,000.These figure
For the median Sydney house (~$1.42M) with a 20% deposit, you need approximately $347,000 in upfront costs including deposit, stamp duty, and fees. With a 10% deposit you need ~$210,000 plus LMI of $28,000–$48,000.
First home buyers in NSW pay no stamp duty on properties up to $800,000 and receive a sliding concession on properties between $800,001 and $1,000,000. Above $1M, full stamp duty applies.
For a $1M property with 20% deposit ($800k loan), you typically need a household income of at least $150,000–$170,000 to pass lender serviceability tests. Use our Borrowing Power Calculator for a personalised estimate.
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